Kassekert Denise 4
4 · Beneficial Mutual Bancorp Inc · Filed Feb 13, 2009
Insider Transaction Report
Form 4
Kassekert Denise
Senior V.P., Community Banking
Transactions
- Purchase
Common Stock
2009-02-12$9.47/sh+500$4,735→ 3,000 total
Holdings
- 1,221(indirect: By 401(k))
Common Stock
- 50,000(indirect: Restricted Stock)
Common Stock
- 75,000
Stock Option (Right to Buy)
Exercise: $11.86Exp: 2018-08-06→ Common Stock (75,000 underlying)
Footnotes (4)
- [F1]The form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
- [F2]Effective June 30, 2008, the Company combined its 401(k) Plan with the Beneficial Mutual Savings Bank Employee Stock Ownership Plan (ESOP). As a result, the shares previously reported by the reporting person as held by the ESOP are now reported as held by the 401(k) Plan.
- [F3]These restricted shares, initially awarded on August 6, 2008, vest according to the following vesting schedules: (1) 25,000 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 the third anniversary of the award; and thereafter 20% of the shares each vest on the fourth and fifth anniversaries of the award; and (2) 25,000 shares will vest if certain specified performance requirements are met during the performance measurement period beginning on December 31, 2009 and ending on December 31, 2013.
- [F4]Options vest equally over a 5-year period with the first 20% vesting on August 6, 2009, the first anniversary of the date of the grant.