SEC Form 4 · accession 0001225208-17-011132
Beneficial Bancorp Inc. · BNCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph V Canosa
Officer — SVP--Chief Credit Officer
Period of report
Jun 9, 2017
Accepted (ET)
Jun 12, 2017 · 5:19 pm 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 | Jun 9, 2017 | J | 6,667 | $0.00 | A | 6,667 | D | |
| Common Stock | Jun 9, 2017 | F | 2,427 | $15.80 | D | 4,240 | D | |
| Common StockF2 | Jun 9, 2017 | J | 6,667 | $0.00 | D | 13,333 | I | Restricted Stock X |
| Common Stock | holding | — | — | — | 439 | I | By IRA | |
| Common Stock | holding | — | — | — | 3,068 | I | By KSOP | |
| Common StockF3 | holding | — | — | — | 5,000 | I | Restricted Stock IX | |
| Common StockF4 | holding | — | — | — | 6,500 | I | Restricted Stock VIII | |
| Common StockF5 | holding | — | — | — | 2,834 | I | Restricted Stock XI |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Since the reporting person's last report, 6,667 shares of restricted stock have vested and are now held directly.
- F2Shares of restricted stock vest in 3 equal annual installments with the first 33 1/3% vesting on June 9, 2017, the first anniversary of the date of the award.
- F3These restricted shares are subject to a three-year cliff vesting schedule whereby no shares vest on the first and second anniversaries of the award, 60% of the shares vest on January 28, 2019, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
- F4These restricted shares are subject to a three-year cliff vesting schedule whereby no shares vest on the first and second anniversaries of the award, 60% of the shares vest on February 06, 2018, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
- F5Shares of restricted stock vest in 3 equal annual installments with the first 33 1/3% vesting on January 26, 2018, the first anniversary of the date of the award.