4//SEC Filing
Gallagher Martin F Jr 4
Accession 0001225208-19-002085
CIK 0001615418other
Filed
Feb 7, 7:00 PM ET
Accepted
Feb 8, 4:12 PM ET
Size
19.2 KB
Accession
0001225208-19-002085
Insider Transaction Report
Form 4
Gallagher Martin F Jr
EVP & Chief Credit Officer
Transactions
- Other
Common Stock
2019-02-06+1,700→ 44,120 total - Tax Payment
Common Stock
2019-02-06$15.89/sh−773$12,283→ 43,347 total - Other
Common Stock
2019-02-06−1,700→ 1,700 total(indirect: Restricted Stock VIII)
Holdings
- 5,900(indirect: Restricted Stock XII)
Common Stock
- 7,699
Stock Option (Right to Buy)
Exercise: $8.40Exp: 2023-01-17→ Common Stock (7,699 underlying) - 13,312
Stock Option (Right to Buy)
Exercise: $11.41Exp: 2025-02-06→ Common Stock (13,312 underlying) - 19,058(indirect: By KSOP)
Common Stock
- 8,800
Stock Option (Right to Buy)
Exercise: $8.30Exp: 2022-03-23→ Common Stock (8,800 underlying) - 23,098
Stock Option (Right to Buy)
Exercise: $10.77Exp: 2024-02-20→ Common Stock (23,098 underlying) - 3,600(indirect: Restricted Stock IX)
Common Stock
- 1,320(indirect: Restricted Stock VII)
Common Stock
- 53,333(indirect: Restricted Stock X)
Common Stock
- 4,470(indirect: Restricted Stock XI)
Common Stock
Footnotes (10)
- [F1]Since the reporting person's last report, 1,700 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 February 6, 2016, 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 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.
- [F3]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.
- [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 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.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]Stock options are fully vested and exercisable.
- [F9]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.
Documents
Issuer
Beneficial Bancorp Inc.
CIK 0001615418
Entity typeother
Related Parties
1- filerCIK 0001567413
Filing Metadata
- Form type
- 4
- Filed
- Feb 7, 7:00 PM ET
- Accepted
- Feb 8, 4:12 PM ET
- Size
- 19.2 KB