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Filing Details

Accession Number:: 0001225208-14-007779
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-03-07 16:58:34
Reporting Period:: 2014-03-05

Filing Date:: 2014-03-07
Accepted Time:: 2014-03-07 16:58:34
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1378020	Beneficial Mutual Bancorp Inc	BNCL	Savings Institution, Federally Chartered (6035)	562480744

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1396640	P Gerard Cuddy	1818 Beneficial Bank Place 1818 Market Street Philadelphia PA 19103-3628	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2014-03-05	1,500	$0.00	38,809	No	5	J	Direct
Common Stock	Disposition	2014-03-05	509	$12.43	38,300	No	4	F	Direct
Common Stock	Disposition	2014-03-07	10,000	$13.10	28,300	No	4	S	Direct
Common Stock	Disposition	2014-03-05	1,500	$0.00	1,500	No	5	J	Indirect	Restricted Stock III

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	J	Direct
No	4	F	Direct
No	4	S	Direct
No	5	J	Indirect	Restricted Stock III

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	8,745	Indirect	By 401(k)
Common Stock	1,080	Indirect	By IRA
Common Stock	7,500	Indirect	Performance Award
Common Stock	15,000	Indirect	Performance Award II
Common Stock	9,000	Indirect	Restricted Stock II
Common Stock	10,000	Indirect	Restricted Stock IV
Common Stock	20,000	Indirect	Restricted Stock V
Common Stock	20,000	Indirect	Restricted Stock VI
Common Stock	20,000	Indirect	Restricted Stock VII

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (Right to Buy)	$9.70		2020-03-05	15,000	15,000	Direct
Common Stock	Stock Option (Right to Buy)	$9.13		2022-03-23	75,000	75,000	Direct
Common Stock	Stock Option (Right to Buy)	$8.38		2021-05-27	30,000	30,000	Direct
Common Stock	Stock Option (Right to Buy)	$11.86		2018-08-06	200,000	200,000	Direct
Common Stock	Stock Option (Right to Buy)	$9.24	2014-01-17	2023-01-17	75,000	75,000	Direct
Common Stock	Stock Option (Right to Buy)	$11.85	2015-02-20	2024-02-20	75,000	75,000	Direct
Common Stock	Stock Option (Right to Buy)	$8.35	2010-03-09	2019-03-09	15,000	15,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-03-05	15,000	15,000	Direct
2022-03-23	75,000	75,000	Direct
2021-05-27	30,000	30,000	Direct
2018-08-06	200,000	200,000	Direct
2023-01-17	75,000	75,000	Direct
2024-02-20	75,000	75,000	Direct
2019-03-09	15,000	15,000	Direct

Footnotes

Since the reporting person's last report, 1,500 shares previously held by Restricted Stock have vested and are now held directly.
Shares are being withheld from vesting total of award for tax withholding purposes.
These restricted shares vest according the the following schedule: the first 4,500 shares (representing 60% of the award) vest on March 5, 2013, the third anniversary of the date of the award, 1,500 shares (20%) vest on March 5, 2014 and the remaining 1,500 shares (20%) vest on March 5, 2015.
The award represents shares of restricted stock which vest accordingly: if during the performance measurement period (beginning with the 12 months ended December 31, 2010 and ending with the 12 months ended December 31, 2014), 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 March 31, 2012. However, if the Company does not achieve an ROAA of not less than 1% by December 31, 2015, 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 2014 fiscal year. In the event the Company is not in the top quartile of the SNL Index based on upon the Company's fiscal 2015 financial performance, then all shares subject to this award will be forfeited.
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.
These restricted shares vest according to the following vesting schedules: (1) 7,500 shares are subject to a three-year cliff vesting schedule whereby no shares vest on the first and second anniversaries of the award, which was March 9, 2009; 60% of the shares vest on the third anniversary of the award; and thereafter 20% of the shares each vest on the fourth and fifth anniversaries of the award; and (2) 7,500 shares will vest if certain specified performance requirements are met during the performance measurement period beginning on December 31, 2010 and ending on December 31, 2014.
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% vest on May 27, 2015, and the remaining 20% vests on May 27, 2016.
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.
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.
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.
Stock options vest in 5 equal annual installments with the first 20% vesting on March 5, 2011, the first anniversary of the date of the grant.
Options vest equally over a 5-year period with the first 20% vesting on March 23, 2013, the first anniversary of the date of the grant.
Options vest in equal annual installments over a 5-year period with the first 20% vesting on May 27, 2012, the first anniversary of the date of the grant.
Options vest equally over a 5-year period with the first 20% vesting on August 6, 2009, the first anniversary of the date of the grant.
Options vest equally over a 5-year period with the first 20% vesting on January 17, 2014, the first anniversary of the date of the grant.
Options vest equally over a 5-year period with the first 20% vesting on February 20, 2015, the first anniversary of the date of the grant.
Options vest equally over a 5-year period with the first 20% vesting on March 9, 2010, the first anniversary of the date of the grant.