SEC Form 4 · accession 0001225208-19-001477

Beneficial Bancorp Inc. · BNCL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Joseph V Canosa

Officer — SVP--Chief Credit Officer

Period of report

Jan 25, 2019

Accepted (ET)

Jan 29, 2019 · 6:29 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	Jan 25, 2019	J	661	$0.00	A	12,322	D
Common Stock	Jan 25, 2019	F	239	$15.72	D	12,083	D
Common Stock	Jan 26, 2019	J	944	$0.00	A	13,027	D
Common Stock	Jan 26, 2019	F	340	$15.72	D	12,687	D
Common Stock	Jan 28, 2019	J	3,000	$0.00	A	15,687	D
Common Stock	Jan 28, 2019	F	1,145	$15.72	D	14,542	D
Common Stock^F4	Jan 28, 2019	J	3,000	$0.00	D	2,000	I	Restricted Stock IX
Common Stock^F5	Jan 26, 2019	J	944	$0.00	D	945	I	Restricted Stock XI
Common Stock^F6	Jan 25, 2019	J	661	$0.00	D	4,294	I	Restricted Stock XII
Common Stock	holding	—	—		—	439	I	By IRA
Common Stock	holding	—	—		—	3,068	I	By KSOP
Common Stock^F7	holding	—	—		—	2,600	I	Restricted Stock VIII
Common Stock^F8	holding	—	—		—	6,667	I	Restricted Stock X

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1Since the reporting person's last report, 661 shares of restricted stock have vested and are now held directly.
F2Since the reporting person's last report, 944 shares of restricted stock have vested and are now held directly.
F3Since the reporting person's last report, 3,000 shares of restricted stock have vested and are now held directly.
F4These restricted shares are subject to a three-year cliff vesting schedule whereby no shares vest on the first and second anniversaries of the award, 60% of the shares vest on January 28, 2019, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
F5Shares of restricted stock vest in 3 equal annual installments with the first 33 1/3% vesting on January 26, 2018, the first anniversary of the date of the award.
F6Of the 4,955 shares granted 2,973 shares will fully vest on January 25, 2021 upon the satisfaction of company performance criteria related to credit quality, return on average assets and total shareholder return. The remaining 1,982 shares are subject to vesting in 3 equal annual installments with the first 33 1/3% vesting on January 25, 2019, the first anniversary of the date of the award.
F7These restricted shares are subject to a three-year cliff vesting schedule whereby no shares vest on the first and second anniversaries of the award, 60% of the shares vest on February 06, 2018, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
F8Shares of restricted stock vest in 3 equal annual installments with the first 33 1/3% vesting on June 9, 2017, the first anniversary of the date of the award.