SEC Form 4 · accession 0001225208-17-003550

Beneficial Bancorp Inc. · BNCL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Edward G Boehne

Director

Period of report

Feb 15, 2017

Accepted (ET)

Feb 16, 2017 · 3:58 pm EST

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	Feb 15, 2017	M	54,995	$10.78	A	111,799	D
Common Stock^F1	Feb 15, 2017	S	54,995	$16.5771	D	56,804	D
Common Stock^F2	holding	—	—		—	550	I	Restricted Stock V
Common Stock^F3	holding	—	—		—	550	I	Restricted Stock VI
Common Stock^F4	holding	—	—		—	990	I	Restricted Stock VII
Common Stock^F5	holding	—	—		—	66,111	I	Restricted Stock X
Common Stock^F6	holding	—	—		—	3,870	I	Restricted Stock XI
Common Stock^F7	holding	—	—		—	2,778	I	Restricted Stock XII

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)^F8	$10.78	Feb 15, 2017	M	54,995	D	—	Aug 6, 2018	Common Stock	54,995	0	D
Stock Option (Right to Buy)^F8	$7.59	holding	—	—	—	—	Mar 9, 2019	Common Stock	5,499	5,499	D
Stock Option (Right to Buy)^F8	$7.62	holding	—	—	—	—	May 27, 2021	Common Stock	5,499	5,499	D
Stock Option (Right to Buy)^F9	$8.30	holding	—	—	—	—	Mar 23, 2022	Common Stock	10,999	10,999	D
Stock Option (Right to Buy)^F10	$8.40	holding	—	—	—	—	Jan 17, 2023	Common Stock	10,999	10,999	D
Stock Option (Right to Buy)^F8	$8.82	holding	—	—	—	—	Mar 5, 2020	Common Stock	5,499	5,499	D
Stock Option (Right to Buy)^F11	$10.77	holding	—	—	—	—	Feb 20, 2024	Common Stock	13,748	13,748	D

Explanation of responses

F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $16.50 to $16.675, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10Stock options vest in 5 equal annual installments with the first 20% vesting on January 17, 2014, the first anniversary of the date of the grant.
F11Stock options vest in 5 equal annual installments with the first 20% vesting on February 20, 2015, the first anniversary of the date of the grant.
F2Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on March 23, 2013, the first anniversary of the date of the award.
F3Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on January 17, 2014, the first anniversary of the date of the award.
F4Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on February 20, 2015, the first anniversary of the date of the award.
F5Shares 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 January 9, 2018 and January 9, 2019, respectively.
F6Shares of restricted stock will fully vest on July 21, 2017.
F7Shares of restricted stock will fully vest on January 26, 2018.
F8Stock options are fully vested and exercisable.
F9Stock options vest in 5 equal annual installments with the first 20% vesting on March 23, 2013, the first anniversary of the date of the grant.