4//SEC Filing
Gould James E. 4
Accession 0001225208-12-008367
CIK 0001378020other
Filed
Mar 26, 8:00 PM ET
Accepted
Mar 27, 5:47 PM ET
Size
12.3 KB
Accession
0001225208-12-008367
Insider Transaction Report
Form 4
Gould James E.
E.V.P. & Chief Lending Officer
Transactions
- Award
Common Stock
2012-03-23+4,000→ 4,000 total(indirect: Restricted Stock V) - Award
Stock Option (Right to Buy)
2012-03-23+25,000→ 25,000 totalExercise: $9.13Exp: 2022-03-23→ Common Stock (25,000 underlying)
Holdings
- 10,000(indirect: Performance Award II)
Common Stock
- 10,000(indirect: Restricted Stock IV)
Common Stock
- 15,000
Stock Option (Right to Buy)
Exercise: $8.38Exp: 2021-05-27→ Common Stock (15,000 underlying) - 503
Common Stock
- 870.564(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]These 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 March 23, 2015, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
- [F2]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.
- [F3]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.
- [F4]Options vest equally over a 5-year period with the first 20% vesting on March 23, 2013, the first anniversary of the date of the grant.
- [F5]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.
Documents
Issuer
Beneficial Mutual Bancorp Inc
CIK 0001378020
Entity typeother
Related Parties
1- filerCIK 0001521236
Filing Metadata
- Form type
- 4
- Filed
- Mar 26, 8:00 PM ET
- Accepted
- Mar 27, 5:47 PM ET
- Size
- 12.3 KB