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4//SEC Filing

Beneficial Bancorp Inc. 4

Accession 0001225208-15-008507

CIK 0001615418operating
View on SEC.govCompany Profile

Filed

Mar 24, 8:00 PM ET

Accepted

Mar 25, 4:51 PM ET

Size

18.9 KB

Accession

0001225208-15-008507

Insider Transaction Report

Form 4
Period: 2015-03-23
Beneficial Bancorp Inc.BNCL
Gould James E.
EVP & Chief Lending Officer
Transactions
  • Other

    Common Stock

    2015-03-23+2,639→ 7,601 total
  • Tax Payment

    Common Stock

    2015-03-23$11.16/sh−919$10,256→ 6,682 total
  • Other

    Common Stock

    2015-03-23−2,639→ 1,760 total(indirect: Restricted Stock V)
Holdings

  • Stock Option (Right to Buy)

    Exercise: $8.40Exp: 2023-01-17→ Common Stock (21,998 underlying)
    21,998

  • Common Stock

    (indirect: Restricted Stock IV)
    4,400

  • Common Stock

    (indirect: Restricted Stock VI)
    2,199

  • Common Stock

    (indirect: By KSOP)
    7,011

  • Common Stock

    (indirect: Restricted Stock VII)
    2,199

  • Stock Option (Right to Buy)

    Exercise: $10.77Exp: 2024-02-20→ Common Stock (21,998 underlying)
    21,998

  • Common Stock

    (indirect: Performance Award II)
    10,999

  • Stock Option (Right to Buy)

    Exercise: $8.30Exp: 2022-03-23→ Common Stock (27,497 underlying)
    27,497

  • Stock Option (Right to Buy)

    Exercise: $7.62Exp: 2021-05-27→ Common Stock (16,498 underlying)
    16,498
Footnotes (10)
  • [F1]Since the reporting person's last report, 2,639 shares of restricted stock have vested and are now held directly.
  • [F10]Stock options vest in 5 equal annual installments with the first 20% vesting on May 27, 2012, the first anniversary of the date of the grant.
  • [F2]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.
  • [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% vests 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 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.
  • [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 February 20, 2017, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
  • [F7]Stock options vest in 5 equal annual installments with the first 20% vesting on January 17, 2014, the first anniversary of the date of the grant.
  • [F8]Stock options vest in 5 equal annual installments with the first 20% vesting on February 20, 2015, the first anniversary of the date of the grant.
  • [F9]Stock options vest in 5 equal annual installments with the first 20% vesting on March 23, 2013, the first anniversary of the date of the grant.

Documents

1 file

Issuer

Beneficial Bancorp Inc.

CIK 0001615418

→
Entity typeoperating

Related Parties

1
  • filerCIK 0001615418

Filing Metadata

Form type
4
Filed
Mar 24, 8:00 PM ET
Accepted
Mar 25, 4:51 PM ET
Size
18.9 KB
View on SEC.gov