SEC Form 4 · accession 0001225208-18-000923
Beneficial Bancorp Inc. · BNCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Donahue
Director
Period of report
Jan 9, 2018
Accepted (ET)
Jan 11, 2018 · 10:37 am 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 | Jan 9, 2018 | J | 22,037 | $0.00 | A | 48,219 | D | |
| Common StockF2 | Jan 9, 2018 | J | 22,037 | $0.00 | D | 22,037 | I | Restricted Stock X |
| Common StockF3 | holding | — | — | — | 412 | I | Restricted Stock | |
| Common StockF4 | 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)F5 | $13.11 | holding | — | — | — | — | Sep 17, 2025 | Common Stock | 2,750 | 2,750 | D |
Explanation of responses
- F1Since the reporting person's last report, 22,037 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 beginning on September 17, 2016, the first anniversary of the date of the award.
- F4Shares of restricted stock will fully vest on January 26, 2018.
- F5Stock options vest in 5 equal annual installments with the first 20% vesting on September 17, 2016, the first anniversary of the date of the grant.