4//SEC Filing
Cestare Thomas David 4
Accession 0001225208-19-003360
CIK 0001615418other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 2:59 PM ET
Size
21.7 KB
Accession
0001225208-19-003360
Insider Transaction Report
Form 4
Cestare Thomas David
EVP and CFO
Transactions
- Other
Common Stock
2019-02-20+3,520→ 127,705 total - Tax Payment
Common Stock
2019-02-20$16.10/sh−1,636$26,340→ 126,069 total - Other
Common Stock
2019-02-20−3,520→ 0 total(indirect: Restricted Stock VII)
Holdings
- 65,994
Stock Option (Right to Buy)
Exercise: $8.40Exp: 2023-01-17→ Common Stock (65,994 underlying) - 65,994
Stock Option (Right to Buy)
Exercise: $10.77Exp: 2024-02-20→ Common Stock (65,994 underlying) - 38,032
Stock Option (Right to Buy)
Exercise: $11.41Exp: 2025-02-06→ Common Stock (38,032 underlying) - 22,038(indirect: By KSOP)
Common Stock
- 54,995
Stock Option (Right to Buy)
Exercise: $8.30Exp: 2022-03-23→ Common Stock (54,995 underlying) - 91,667(indirect: Restricted Stock X)
Common Stock
- 2,749
Stock Option (Right to Buy)
Exercise: $9.09Exp: 2020-07-06→ Common Stock (2,749 underlying) - 7,000(indirect: Restricted Stock VIII)
Common Stock
- 9,115(indirect: Restricted Stock XII)
Common Stock
- 13,397(indirect: Restricted Stock IX)
Common Stock
- 6,905(indirect: Restricted Stock XI)
Common Stock
- 32,997
Stock Option (Right to Buy)
Exercise: $7.62Exp: 2021-05-27→ Common Stock (32,997 underlying)
Footnotes (10)
- [F1]Since the reporting person's last report, 3,520 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 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.
- [F3]This form reflects increase in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
- [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]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.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]Stock options are fully vested and exercisable.
Documents
Issuer
Beneficial Bancorp Inc.
CIK 0001615418
Entity typeother
Related Parties
1- filerCIK 0001313985
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 2:59 PM ET
- Size
- 21.7 KB