SEC Form 4 · accession 0001225208-17-011135
Beneficial Bancorp Inc. · BNCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pam Cyr
Officer — EVP & CRBO
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 | 40,667 | $0.00 | A | 50,103 | D | |
| Common Stock | Jun 9, 2017 | F | 13,812 | $15.80 | D | 36,291 | D | |
| Common StockF2 | Jun 9, 2017 | J | 40,667 | $0.00 | D | 81,333 | I | Restricted Stock X |
| Common Stock | holding | — | — | — | 6,000 | I | By IRA | |
| Common Stock | holding | — | — | — | 10,219 | I | By KSOP | |
| Common StockF3 | holding | — | — | — | 440 | I | Restricted Stock I | |
| Common StockF4 | holding | — | — | — | 9,000 | I | Restricted Stock IX | |
| Common StockF5 | holding | — | — | — | 880 | I | Restricted Stock VI | |
| Common StockF6 | holding | — | — | — | 1,760 | I | Restricted Stock VII | |
| Common StockF7 | holding | — | — | — | 8,500 | I | Restricted Stock VIII | |
| Common StockF8 | holding | — | — | — | 4,642 | 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)F9 | $8.01 | holding | — | — | — | — | Jul 18, 2022 | Common Stock | 13,748 | 13,748 | D |
| Stock Option (Right to Buy)F10 | $8.40 | holding | — | — | — | — | Jan 17, 2023 | Common Stock | 32,997 | 32,997 | D |
| Stock Option (Right to Buy)F11 | $10.77 | holding | — | — | — | — | Feb 20, 2024 | Common Stock | 32,997 | 32,997 | D |
| Stock Option (Right to Buy)F12 | $11.41 | holding | — | — | — | — | Feb 6, 2025 | Common Stock | 19,016 | 19,016 | D |
Explanation of responses
- F1Since the reporting person's last report, 40,667 shares of restricted stock have vested and are now held directly.
- 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.
- F12Stock options vest in 5 equal annual installments with the first 20% vesting on February 6, 2016, the first anniversary of the date of the grant.
- 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 July 18, 2015, the third anniversary of the date 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 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.
- F5These 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 17, 2016, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
- F6These 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 20, 2017, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
- F7These 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.
- F8Of the 4,642 shares granted 2,785 shares will fully vest on January 26, 2020 upon the satisfaction of company performance criteria related to credit quality, return on average assets and total shareholder return. The remaining 1,857 shares are subject to vesting 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.
- F9Stock options vest in 5 equal annual installments with the first 20% vesting on July 18, 2013, the first anniversary of the date of the grant.