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4//SEC Filing

Kassekert Denise 4

Accession 0001225208-11-015656

CIK 0001378020other
View on SEC.govCompany Profile

Filed

May 31, 8:00 PM ET

Accepted

Jun 1, 7:14 PM ET

Size

20.5 KB

Accession

0001225208-11-015656

Insider Transaction Report

Form 4
Period: 2011-05-27
Beneficial Mutual Bancorp IncBNCL
Kassekert Denise
Senior V.P., Community Banking
Transactions
  • Award

    Common Stock

    2011-05-27+4,000→ 4,000 total(indirect: Performance Award II)
  • Award

    Stock Option (Right to Buy)

    2011-05-27+10,000→ 10,000 total
    Exercise: $8.38Exp: 2021-05-27→ Common Stock (10,000 underlying)
Holdings

  • Stock Option (Right to Buy)

    Exercise: $9.70Exp: 2020-03-05→ Common Stock (5,000 underlying)
    5,000

  • Stock Option (Right to Buy)

    Exercise: $11.86Exp: 2018-08-06→ Common Stock (75,000 underlying)
    75,000

  • Common Stock

    (indirect: Restricted Stock)
    50,000

  • Common Stock

    (indirect: Restricted Stock II)
    8,000

  • Common Stock

    (indirect: By 401(k))
    9,026.87

  • Common Stock

    7,000

  • Common Stock

    (indirect: Performance Award)
    4,000
Footnotes (10)
  • [F1]The award represents shares of restricted stock which vest accordingly: if during the performance measurement period (beginning with the 12 months ended December 31, 2011 and ending with the 12 months ended December 31, 2015), the Company achieves a rate of return on average assets ("ROAA") of not less than 1% during any of those 12-month periods, then shares will begin to vest in 5 equal annual installments commencing on May 27, 2013. However, if the Company does not achieve an ROAA of not less than 1% by December 31, 2016, the performance requirement for vesting purposes will be that the Company must be ranked in the top quartile of the SNL index of thrifts nationwide with assets between $1 billion and $10 billion based on ROAA (the "SNL Index") for the 2015 fiscal year. In the event the Company is not in the top quartile of the SNL Index based on upon the Company's fiscal 2016 financial performance, then all shares subject to this award will be forfeited.
  • [F10]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.
  • [F2]Shares of restricted stock vest at a rate of 60% commencing on May 27, 2014, the third anniversary of the date of the award, 20% vest on May 27, 2015, and the remaining 20% vests on May 27, 2016.
  • [F3]The award represents shares of restricted stock which vest accordingly: if during the performance measurement period (beginning with the 12 months ended December 31, 2010 and ending with the 12 months ended December 31, 2014), the Company achieves a rate of return on average assets ("ROAA") of not less than 1% during any of those 12-month periods, then shares will begin to vest in 5 equal annual installments commencing on March 31, 2012. However, if the Company does not achieve an ROAA of not less than 1% by December 31, 2015, the performance requirement for vesting purposes will be that the Company must be ranked in the top quartile of the SNL index of thrifts nationwide with assets between $1 billion and $10 billion based on ROAA (the "SNL Index") for the 2014 fiscal year. In the event the Company is not in the top quartile of the SNL Index based on upon the Company's fiscal 2015 financial performance, then all shares subject to this award will be forfeited.
  • [F4]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.
  • [F5]These restricted shares, initially awarded on March 9, 2009, vest according to the following vesting schedules: (1) 4,000 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) 4,000 shares will vest if certain specified performance requirements are met during the performance measurement period beginning on December 31, 2010 and ending on December 31, 2014.
  • [F6]These restricted shares vest according to the following schedule: (1) the first 2,400 shares (representing 60% of the award) vest on March 5, 2013, the third anniversary of the date of the award, 800 shares (20%) vest on March 5, 2014 and the remaining 800 shares (20%) vest on March 5, 2015.
  • [F7]Options vest in equal annual installments over a 5-year period with the first 20% vesting on May 27, 2012, the first anniversary of the date of the grant.
  • [F8]Stock options vest in 5 equal annual installments with the first 20% vesting on March 5, 2011, the first anniversary of the date of the grant.
  • [F9]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.

Documents

1 file

Issuer

Beneficial Mutual Bancorp Inc

CIK 0001378020

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Entity typeother

Related Parties

1
  • filerCIK 0001432538

Filing Metadata

Form type
4
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 7:14 PM ET
Size
20.5 KB
View on SEC.gov