YATES CRAIG W 4
4 · Beneficial Mutual Bancorp Inc · Filed Mar 11, 2009
Insider Transaction Report
Form 4
YATES CRAIG W
Director
Transactions
- Sale
Common Stock
2009-03-09$8.44/sh−5,400$45,576→ 1,981,690 total - Award
Stock Option (Right to Buy)
2009-03-09+5,000→ 5,000 totalExercise: $8.35From: 2010-03-09Exp: 2019-03-09→ Common Stock (5,000 underlying) - Sale
Common Stock
2009-03-04$9.00/sh−37,906$341,154→ 1,987,090 total - Award
Common Stock
2009-03-09+2,500→ 2,500 total(indirect: Restricted Stock II)
Holdings
- 25,000(indirect: Restricted Stock)
Common Stock
- 50,000
Stock Option (Right to Buy)
Exercise: $11.86Exp: 2018-08-06→ Common Stock (50,000 underlying)
Footnotes (6)
- [F1]The price reported in Column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $8.97 to $9.03, inclusive. The reporting person undertakes to provide to Beneficial Mutual Bancorp, Inc., any security holder of Beneficial Mutual Bancorp, Inc. 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 ranges set forth in this footnote.
- [F2]The price reported in Column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $8.43 to $8.45, inclusive. The reporting person undertakes to provide to Beneficial Mutual Bancorp, Inc., any security holder of Beneficial Mutual Bancorp, Inc. 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 ranges set forth in this footnote.
- [F3]These restricted shares, initially awarded on March 9, 2009, vest according to the following vesting schedule: 2,500 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.
- [F4]Restricted shares vest equally over a 5-year period with the first 20% vesting on August 6, 2009, the first anniversary of the date of the award.
- [F5]Options vest equally over a 5-year period with the first 20% vesting on March 9, 2010, the first anniversary of the date of the grant.
- [F6]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.