Cestare Thomas David 4

Accession 0001225208-19-001478

CIK 0001615418other

View on SEC.gov Company Profile

Filed

Jan 28, 7:00 PM ET

Accepted

Jan 29, 6:29 PM ET

Size

29.2 KB

Accession

0001225208-19-001478

Insider Transaction Report

Form 4

Period: 2019-01-25

Beneficial Bancorp Inc.BNCL

Cestare Thomas David

EVP and CFO

Transactions

Other
Common Stock
2019-01-28+20,095→ 129,778 total
Tax Payment
Common Stock
2019-01-25$15.72/sh−651$10,234→ 109,011 total
Other
Common Stock
2019-01-25+1,402→ 109,662 total
Other
Common Stock
2019-01-26+1,255→ 110,266 total
Tax Payment
Common Stock
2019-01-26$15.72/sh−583$9,165→ 109,683 total
Tax Payment
Common Stock
2019-01-28$15.72/sh−9,340$146,825→ 120,438 total
Other
Common Stock
2019-01-28−20,095→ 13,397 total(indirect: Restricted Stock IX)
Other
Common Stock
2019-01-26−1,255→ 6,905 total(indirect: Restricted Stock XI)
Other
Common Stock
2019-01-25−1,402→ 9,115 total(indirect: Restricted Stock XII)

Holdings

Common Stock
(indirect: By KSOP)
19,596
Common Stock
(indirect: Restricted Stock X)
91,667
Common Stock
(indirect: Restricted Stock VII)
3,520
Common Stock
(indirect: Restricted Stock VIII)
14,000
Stock Option (Right to Buy)
Exercise: $7.62Exp: 2021-05-27→ Common Stock (32,997 underlying)
32,997
Stock Option (Right to Buy)
Exercise: $10.77Exp: 2024-02-20→ Common Stock (65,994 underlying)
65,994
Stock Option (Right to Buy)
Exercise: $8.30Exp: 2022-03-23→ Common Stock (54,995 underlying)
54,995
Stock Option (Right to Buy)
Exercise: $8.40Exp: 2023-01-17→ Common Stock (65,994 underlying)
65,994
Stock Option (Right to Buy)
Exercise: $11.41Exp: 2025-02-06→ Common Stock (38,032 underlying)
38,032
Stock Option (Right to Buy)
Exercise: $9.09Exp: 2020-07-06→ Common Stock (2,749 underlying)
2,749

Footnotes (12)

[F1]Since the reporting person's last report, 1,402 shares of restricted stock have vested and are now held directly.
[F10]Stock options are fully vested and exercisable.
[F11]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.
[F12]Stock options vest in 5 equal annual installments with the first 20% vesting on February 6, 2016, the first anniversary of the date of the grant.
[F2]Since the reporting person's last report, 1,255 shares of restricted stock have vested and are now held directly.
[F3]Since the reporting person's last report, 20,095 shares of restricted stock have vested and are now held directly.
[F4]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 28, 2019, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
[F5]Of the 9,416 shares granted 5,649 shares will fully vest on January 26, 2020 upon the satisfaction of company performance criteria related to credit quality, return on average assets and total shareholder return. The remaining 3,767 shares are subject to vesting in 3 equal annual installments with the first 33 1/3% vesting on January 26, 2018, the first anniversary of the date of the award.
[F6]Of the 10,517 shares granted 6,310 shares will fully vest on January 25, 2021 upon the satisfaction of company performance criteria related to credit quality, return on average assets and total shareholder return. The remaining 4,207 shares are subject to vesting in 3 equal annual installments with the first 33 1/3% vesting on January 25, 2019, the first anniversary of the date of the award.
[F7]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.
[F8]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 06, 2018, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
[F9]Shares of restricted stock vest in 3 equal annual installments with the first 33 1/3% vesting on June 9, 2017, the first anniversary of the date of the award.

Documents

1 file

4
doc4.xmlPrimary

Issuer

Beneficial Bancorp Inc.

CIK 0001615418

→

Entity typeother

Related Parties

filerCIK 0001313985

Filing Metadata

Form type: 4
Filed: Jan 28, 7:00 PM ET
Accepted: Jan 29, 6:29 PM ET
Size: 29.2 KB

View on SEC.gov