SEC Form 4 · accession 0001225208-16-039526
Beneficial Bancorp Inc. · BNCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Donahue
Director
Period of report
Sep 16, 2016
Accepted (ET)
Sep 20, 2016 · 11:27 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001615418
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 16, 2016 | J | 137 | $0.00 | A | 137 | D | |
| Common StockF2 | Sep 16, 2016 | J | 137 | $0.00 | D | 550 | I | Restricted Stock |
| Common StockF3 | holding | — | — | — | 66,111 | I | Restricted Stock X | |
| Common StockF4 | holding | — | — | — | 3,870 | I | Restricted Stock XI |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F5 | $13.11 | holding | — | — | — | — | Sep 17, 2025 | Common Stock | 2,750 | 2,750 | D |
Explanation of responses
- F1Since the reporting person's last report, 137 shares of restricted stock have vested and are now held directly.
- F2Shares of restricted stock vest in 5 equal annual installments beginning on September 17, 2016, the first anniversary of the date of the award.
- F3Shares of restricted stock vest in 3 installments with the first 33 1/3% vesting on June 9, 2017, the first anniversary of the date of the award, and the second and third installments vesting on Janaury 9, 2018 and January 9, 2019, respectively.
- F4Shares of restricted stock will fully vest on July 21, 2017.
- F5Stock options vest in 5 equal annual installments with the first 20% vesting on September 17, 2016, the first anniversary of the date of the grant.