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Filing Details

Accession Number:: 0001225208-17-002641
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-02-08 12:11:21
Reporting Period:: 2017-02-06

Filing Date:: 2017-02-08
Accepted Time:: 2017-02-08 12:11:21
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1615418	Beneficial Bancorp Inc.	BNCL	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1396640	P Gerard Cuddy	1818 Market Street Philadelphia PA 19103	President & 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
Common Stock	Acquisiton	2017-02-06	132,983	$10.78	144,343	No	4	M	Direct
Common Stock	Disposition	2017-02-06	132,983	$16.42	11,360	No	4	S	Direct
Common Stock	Acquisiton	2017-02-07	30,000	$10.78	41,360	No	4	M	Direct
Common Stock	Disposition	2017-02-07	30,000	$16.08	11,360	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

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)	Disposition	2017-02-06	132,983	$0.00	132,983	$10.78
Common Stock	Stock Option (Right to Buy)	Disposition	2017-02-07	30,000	$0.00	30,000	$10.78

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
86,997		2018-08-06	No	4	M	Direct
56,997		2018-08-06	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	23,185	Indirect	By IRA
Common Stock	26,265	Indirect	By KSOP
Common Stock	35,000	Indirect	Restricted Stock IX
Common Stock	4,400	Indirect	Restricted Stock V
Common Stock	4,400	Indirect	Restricted Stock VI
Common Stock	21,998	Indirect	Restricted Stock VII
Common Stock	31,000	Indirect	Restricted Stock VIII
Common Stock	498,000	Indirect	Restricted Stock X
Common Stock	22,707	Indirect	Restricted Stock XI

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (Right to Buy)	$7.59	2019-03-09	16,498	16,498	Direct
Common Stock	Stock Option (Right to Buy)	$7.62	2021-05-27	32,997	32,997	Direct
Common Stock	Stock Option (Right to Buy)	$8.30	2022-03-23	82,492	82,492	Direct
Common Stock	Stock Option (Right to Buy)	$8.40	2023-01-17	82,492	82,492	Direct
Common Stock	Stock Option (Right to Buy)	$8.82	2020-03-05	16,498	16,498	Direct
Common Stock	Stock Option (Right to Buy)	$10.77	2024-02-20	82,492	82,492	Direct
Common Stock	Stock Option (Right to Buy)	$11.41	2025-02-06	47,541	47,541	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2019-03-09	16,498	16,498	Direct
2021-05-27	32,997	32,997	Direct
2022-03-23	82,492	82,492	Direct
2023-01-17	82,492	82,492	Direct
2020-03-05	16,498	16,498	Direct
2024-02-20	82,492	82,492	Direct
2025-02-06	47,541	47,541	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $16.40 to $16.85, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $16.00 to $16.40, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
This form reflects an increase in beneficial ownership resulting from an exempt acquisition pursuant to Rule 16b-3(c).
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.
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.
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.
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.
Of the 22,707 shares granted, 13,624 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 9,083 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.
Stock options are fully vested and exercisable.
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 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 February 6, 2016, the first anniversary of the date of the grant.