Gallagher Martin F Jr 4

Accession 0001225208-19-001481

CIK 0001615418other

View on SEC.gov Company Profile

Filed

Jan 28, 7:00 PM ET

Accepted

Jan 29, 6:30 PM ET

Size

26.8 KB

Accession

0001225208-19-001481

Insider Transaction Report

Form 4

Period: 2019-01-25

Beneficial Bancorp Inc.BNCL

Gallagher Martin F Jr

EVP & Chief Credit Officer

Transactions

Other
Common Stock
2019-01-26+813→ 39,844 total
Tax Payment
Common Stock
2019-01-26$15.72/sh−369$5,801→ 39,475 total
Tax Payment
Common Stock
2019-01-28$15.72/sh−2,455$38,593→ 42,420 total
Other
Common Stock
2019-01-25+908→ 39,443 total
Other
Common Stock
2019-01-25−908→ 5,900 total(indirect: Restricted Stock XII)
Other
Common Stock
2019-01-28+5,400→ 44,875 total
Other
Common Stock
2019-01-26−813→ 4,470 total(indirect: Restricted Stock XI)
Tax Payment
Common Stock
2019-01-25$15.72/sh−412$6,477→ 39,031 total
Other
Common Stock
2019-01-28−5,400→ 3,600 total(indirect: Restricted Stock IX)

Holdings

Common Stock
(indirect: Restricted Stock VIII)
3,400
Stock Option (Right to Buy)
Exercise: $8.40Exp: 2023-01-17→ Common Stock (7,699 underlying)
7,699
Common Stock
(indirect: Restricted Stock VII)
1,320
Stock Option (Right to Buy)
Exercise: $8.30Exp: 2022-03-23→ Common Stock (8,800 underlying)
8,800
Common Stock
(indirect: Restricted Stock X)
53,333
Stock Option (Right to Buy)
Exercise: $10.77Exp: 2024-02-20→ Common Stock (23,098 underlying)
23,098
Stock Option (Right to Buy)
Exercise: $11.41Exp: 2025-02-06→ Common Stock (13,312 underlying)
13,312
Common Stock
(indirect: By KSOP)
19,058

Footnotes (12)

[F1]Since the reporting person's last report, 908 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, 813 shares of restricted stock have vested and are now held directly.
[F3]Since the reporting person's last report, 5,400 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 6,096 shares granted, 3,657 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 2,439 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 6,808 shares granted 4,085 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 2,723 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 0001567413

Filing Metadata

Form type: 4
Filed: Jan 28, 7:00 PM ET
Accepted: Jan 29, 6:30 PM ET
Size: 26.8 KB

View on SEC.gov