SEC Form 4 · accession 0001225208-18-006340
Beneficial Bancorp Inc. · BNCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roy D Yates
Director
Period of report
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 11:07 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 | Mar 15, 2018 | M | 20,000 | $10.78 | A | 703,448 | D | |
| Common StockF2 | Mar 15, 2018 | S | 20,000 | $15.7979 | D | 683,448 | D | |
| Common Stock | holding | — | — | — | 33,478 | I | By Son | |
| Common StockF3 | holding | — | — | — | 330 | I | Restricted Stock VII | |
| Common StockF4 | holding | — | — | — | 22,037 | I | Restricted Stock X | |
| Common StockF5 | holding | — | — | — | 2,410 | 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)F6 | $10.78 | Mar 15, 2018 | M | 20,000 | D | — | Aug 6, 2018 | Common Stock | 20,000 | 24,995 | 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)F6 | $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)F7 | $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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $15.70 to $15.90, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- 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 25, 2019.
- F6Stock options are fully vested and exercisable.
- F7Stock 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.