Home > Insider Trading > Filing (0001225208-17-016209)

Filing Details

Accession Number:: 0001225208-17-016209
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-10-11 19:24:54
Reporting Period:: 2017-10-10

Accepted Time:: 2017-10-11 19:24:54
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
1313985	David Thomas Cestare	1818 Market Street Philadelphia PA 19103	Evp And Cfo	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	Disposition	2017-10-10	25,000	$17.00	52,803	No	4	S	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	17,643	Indirect	By KSOP
Common Stock	33,492	Indirect	Restricted Stock IX
Common Stock	3,520	Indirect	Restricted Stock VI
Common Stock	7,039	Indirect	Restricted Stock VII
Common Stock	35,000	Indirect	Restricted Stock VIII
Common Stock	183,333	Indirect	Restricted Stock X
Common Stock	9,416	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)	$7.62	2021-05-27	32,997	32,997	Direct
Common Stock	Stock Option (Right to Buy)	$8.30	2022-03-23	54,995	54,995	Direct
Common Stock	Stock Option (Right to Buy)	$8.40	2023-01-17	65,994	65,994	Direct
Common Stock	Stock Option (Right to Buy)	$9.09	2020-07-06	2,749	2,749	Direct
Common Stock	Stock Option (Right to Buy)	$10.77	2024-02-20	65,994	65,994	Direct
Common Stock	Stock Option (Right to Buy)	$11.41	2025-02-06	38,032	38,032	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2021-05-27	32,997	32,997	Direct
2022-03-23	54,995	54,995	Direct
2023-01-17	65,994	65,994	Direct
2020-07-06	2,749	2,749	Direct
2024-02-20	65,994	65,994	Direct
2025-02-06	38,032	38,032	Direct

Footnotes

This Form 4 reflects the sale of shares pursuant to a Board-approved Rule 10b5-1 trading plan.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $17.00 to $17.025, 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.
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 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 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.
Stock options are fully vested and exercisable.
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.