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Filing Details

Accession Number:: 0001225208-15-001354
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-01-14 19:37:41
Reporting Period:: 2015-01-12

Filing Date:: 2015-01-14
Accepted Time:: 2015-01-14 19:37:41
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1615418	Beneficial Bancorp Inc.	BNCL	Savings Institutions, Not Federally Chartered (6036)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1567413	Jr F Martin Gallagher	1818 Market Street Philadelphia PA 19103	Evp & Chief Credit Officer	No	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	2015-01-12	1,091	$0.00	1,091	No	4	J	Direct
Common Stock	Acquisiton	2015-01-12	10,040	$10.00	10,040	No	4	P	Indirect	By KSOP
Common Stock	Acquisiton	2015-01-12	3,986	$0.00	14,026	No	4	J	Indirect	By KSOP
Common Stock	Acquisiton	2015-01-12	1,100	$0.00	1,100	No	4	J	Indirect	Restricted Stock I
Common Stock	Acquisiton	2015-01-12	7,699	$0.00	7,699	No	4	J	Indirect	Restricted Stock V
Common Stock	Acquisiton	2015-01-12	6,599	$0.00	6,599	No	4	J	Indirect	Restricted Stock VI
Common Stock	Acquisiton	2015-01-12	6,599	$0.00	6,599	No	4	J	Indirect	Restricted Stock VII

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Direct
No	4	P	Indirect	By KSOP
No	4	J	Indirect	By KSOP
No	4	J	Indirect	Restricted Stock I
No	4	J	Indirect	Restricted Stock V
No	4	J	Indirect	Restricted Stock VI
No	4	J	Indirect	Restricted Stock VII

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Acquisiton	2015-01-12	38,496	$0.00	38,496	$8.40
Common Stock	Stock Option (Right to Buy)	Acquisiton	2015-01-12	38,496	$0.00	38,496	$10.77
Common Stock	Stock Option (Right to Buy)	Acquisiton	2015-01-12	43,996	$0.00	43,996	$8.30
Common Stock	Stock Option (Right to Buy)	Acquisiton	2015-01-12	2,749	$0.00	2,749	$7.46

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
38,496	2023-01-17	No	4	J	Direct
38,496	2024-02-20	No	4	J	Direct
43,996	2022-03-23	No	4	J	Direct
2,749	2021-06-27	No	4	J	Direct

Footnotes

Pursuant to the Plan of Conversion and Reorganization of Beneficial Savings Bank MHC, Beneficial Mutual Bancorp, Inc. and Beneficial Mutual Savings Bank, each share of common stock of Beneficial Mutual Bancorp was exchanged for 1.0999 shares of Beneficial Bancorp, Inc. common stock.
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 June 27, 2014, 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 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.
Pursuant to the Plan of Conversion and Reorganization, each option to purchase a share of Beneficial Mutual Bancorp common stock was converted into an option to purchase 1.0999 shares of Beneficial Bancorp common stock, rounded down to the nearest share. The exercise price was determined by dividing the exercise price of the Beneficial Mutual Bancorp option by the 1.0999 exchange ratio with such quotient rounded up to the nearest whole cent. All such options continue to vest on their original terms.
Stock options vest in 5 equal annual installments with the first 20% vesting on January 17, 2014, the first anniversary of the date of the grant.
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.
Stock options vest in 5 equal annual installments with the first 20% vesting on March 23, 2013, the first anniversary of the date of the grant.
Stock options vest in 5 equal annual installments with the first 20% vesting on June 27, 2012, the first anniversary of the date of the grant.