SEC Form 4 · accession 0001225208-17-016211
Beneficial Bancorp Inc. · BNCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roy D Yates
Director
Period of report
Oct 10, 2017
Accepted (ET)
Oct 11, 2017 · 7:26 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 | Oct 10, 2017 | M | 10,000 | $10.78 | A | 667,753 | D | |
| Common Stock | Oct 10, 2017 | S | 10,000 | $17.00 | D | 657,753 | D | |
| Common Stock | holding | — | — | — | 33,478 | I | By Son | |
| Common StockF2 | holding | — | — | — | 550 | I | Restricted Stock VI | |
| Common StockF3 | holding | — | — | — | 660 | I | Restricted Stock VII | |
| Common StockF4 | holding | — | — | — | 44,074 | I | Restricted Stock X | |
| Common StockF5 | 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)F6 | $10.78 | Oct 10, 2017 | M | 10,000 | D | — | Aug 6, 2018 | Common Stock | 10,000 | 44,995 | D |
| Stock Option (Right to Buy)F6 | $7.59 | holding | — | — | — | — | Mar 9, 2019 | Common Stock | 5,499 | 5,499 | D |
| Stock Option (Right to Buy)F6 | $7.62 | holding | — | — | — | — | May 27, 2021 | Common Stock | 5,499 | 5,499 | D |
| Stock Option (Right to Buy)F6 | $8.30 | holding | — | — | — | — | Mar 23, 2022 | Common Stock | 10,999 | 10,999 | D |
| Stock Option (Right to Buy)F7 | $8.40 | holding | — | — | — | — | Jan 17, 2023 | Common Stock | 10,999 | 10,999 | D |
| Stock Option (Right to Buy)F6 | $8.82 | holding | — | — | — | — | Mar 5, 2020 | Common Stock | 5,499 | 5,499 | D |
| Stock Option (Right to Buy)F8 | $10.77 | holding | — | — | — | — | Feb 20, 2024 | Common Stock | 13,748 | 13,748 | D |
Explanation of responses
- F1This Form 4 reflects the sale of shares pursuant to a Board-approved Rule 10b5-1 trading plan.
- F2Shares 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.
- F3Shares 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.
- F4Shares 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.
- F5Shares of restricted stock will fully vest on January 26, 2018.
- F6Stock options are fully vested and exercisable.
- F7Stock 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.
- F8Stock 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.