SEC Form 4 · accession 0001225208-18-003702
Beneficial Bancorp Inc. · BNCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Farnesi
Director
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 1:55 pm 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 | Feb 20, 2018 | J | 880 | $0.00 | A | 128,559 | D | |
| Common StockF2 | Feb 20, 2018 | J | 880 | $0.00 | D | 880 | I | Restricted Stock VII |
| Common StockF3 | holding | — | — | — | 27,546 | I | Restricted Stock X | |
| Common StockF4 | holding | — | — | — | 3,614 | I | Restricted Stock XIII |
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 | $7.59 | holding | — | — | — | — | Mar 9, 2019 | Common Stock | 5,499 | 5,499 | D |
| Stock Option (Right to Buy)F5 | $7.62 | holding | — | — | — | — | May 27, 2021 | Common Stock | 5,499 | 5,499 | D |
| Stock Option (Right to Buy)F5 | $8.30 | holding | — | — | — | — | Mar 23, 2022 | Common Stock | 10,999 | 10,999 | D |
| Stock Option (Right to Buy)F5 | $8.40 | holding | — | — | — | — | Jan 17, 2023 | Common Stock | 21,998 | 21,998 | D |
| Stock Option (Right to Buy)F5 | $8.82 | holding | — | — | — | — | Mar 5, 2020 | Common Stock | 5,499 | 5,499 | D |
| Stock Option (Right to Buy)F6 | $10.77 | holding | — | — | — | — | Feb 20, 2024 | Common Stock | 24,197 | 24,197 | D |
| Stock Option (Right to Buy)F5 | $10.78 | holding | — | — | — | — | Aug 6, 2018 | Common Stock | 54,995 | 54,995 | D |
Explanation of responses
- F1Since the reporting person's last report, 880 shares of restricted stock have vested and are now held directly.
- F2Shares 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.
- F3Shares 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.
- F4Shares of restricted stock will fully vest on January 25, 2019.
- F5Stock options are fully vested and exercisable.
- F6Stock 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.