SEC Form 4 · accession 0001225208-17-011183
Beneficial Bancorp Inc. · BNCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Farnesi
Director
Period of report
Jun 9, 2017
Accepted (ET)
Jun 13, 2017 · 11:36 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 | Jun 9, 2017 | J | 27,546 | $0.00 | A | 100,079 | D | |
| Common StockF2 | Jun 9, 2017 | J | 27,546 | $0.00 | D | 55,093 | I | Restricted Stock X |
| Common StockF3 | holding | — | — | — | 1,100 | I | Restricted Stock VI | |
| Common StockF4 | holding | — | — | — | 1,760 | I | Restricted Stock VII | |
| Common StockF5 | holding | — | — | — | 5,805 | I | Restricted Stock XI | |
| Common StockF6 | holding | — | — | — | 4,167 | 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)F7 | $7.59 | holding | — | — | — | — | Mar 9, 2019 | Common Stock | 5,499 | 5,499 | D |
| Stock Option (Right to Buy)F7 | $7.62 | holding | — | — | — | — | May 27, 2021 | Common Stock | 5,499 | 5,499 | D |
| Stock Option (Right to Buy)F7 | $8.30 | holding | — | — | — | — | Mar 23, 2022 | Common Stock | 10,999 | 10,999 | D |
| Stock Option (Right to Buy)F8 | $8.40 | holding | — | — | — | — | Jan 17, 2023 | Common Stock | 21,998 | 21,998 | D |
| Stock Option (Right to Buy)F7 | $8.82 | holding | — | — | — | — | Mar 5, 2020 | Common Stock | 5,499 | 5,499 | D |
| Stock Option (Right to Buy)F9 | $10.77 | holding | — | — | — | — | Feb 20, 2024 | Common Stock | 24,197 | 24,197 | D |
| Stock Option (Right to Buy)F7 | $10.78 | holding | — | — | — | — | Aug 6, 2018 | Common Stock | 54,995 | 54,995 | D |
Explanation of responses
- F1Since the reporting person's last report, 27,546 shares of restricted stock have vested and are now held directly.
- F2Shares 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.
- 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 will fully vest on July 21, 2017.
- F6Shares of restricted stock will fully vest on January 26, 2018.
- F7Stock options are fully vested and exercisable.
- F8Stock 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.
- F9Stock 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.