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Beneficial Mutual Bancorp Inc 4

Accession 0001225208-14-005802

CIK 0001378020operating
View on SEC.govCompany Profile

Filed

Feb 23, 7:00 PM ET

Accepted

Feb 24, 4:43 PM ET

Size

17.5 KB

Accession

0001225208-14-005802

Insider Transaction Report

Form 4
Period: 2014-02-20
Beneficial Mutual Bancorp IncBNCL
Gould James E.
E.V.P. & Chief Lending Officer
Transactions
  • Award

    Common Stock

    2014-02-20+2,000→ 2,000 total(indirect: Restricted Stock VII)
  • Award

    Stock Option (Right to Buy)

    2014-02-20+20,000→ 20,000 total
    Exercise: $11.85From: 2015-02-20Exp: 2024-02-20→ Common Stock (20,000 underlying)
Holdings

  • Common Stock

    503

  • Common Stock

    (indirect: By 401(k))
    433.216

  • Common Stock

    (indirect: Performance Award II)
    10,000

  • Stock Option (Right to Buy)

    Exercise: $8.38Exp: 2021-05-27→ Common Stock (15,000 underlying)
    15,000

  • Common Stock

    (indirect: Restricted Stock IV)
    10,000

  • Common Stock

    (indirect: Restricted Stock V)
    4,000

  • Common Stock

    (indirect: Restricted Stock VI)
    2,000

  • Stock Option (Right to Buy)

    Exercise: $9.13Exp: 2022-03-23→ Common Stock (25,000 underlying)
    25,000

  • Stock Option (Right to Buy)

    Exercise: $9.24From: 2014-01-17Exp: 2023-01-17→ Common Stock (20,000 underlying)
    20,000
Footnotes (10)
  • [F1]Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on February 20, 2015, the first anniversary of the date of the award.
  • [F10]Options vest equally over a 5-year period with the first 20% vesting on January 17, 2014, the first anniversary of the date of the grant.
  • [F2]The reporting person's balance has been adjusted to reflect investment option transfers under the plan.
  • [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, 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.
  • [F4]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.
  • [F5]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.
  • [F6]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 January 17, 2016, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
  • [F7]Options vest equally over a 5-year period with the first 20% vesting on February 20, 2015, the first anniversary of the date of the grant.
  • [F8]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.
  • [F9]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

1 file

Issuer

Beneficial Mutual Bancorp Inc

CIK 0001378020

→
Entity typeoperating
IncorporatedUnited States

Related Parties

1
  • filerCIK 0001378020

Filing Metadata

Form type
4
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 4:43 PM ET
Size
17.5 KB
View on SEC.gov