Home > Insider Trading > Filing (0001225208-18-003710)

Filing Details

Accession Number:: 0001225208-18-003710
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-02-22 13:55:44
Reporting Period:: 2018-02-20

Accepted Time:: 2018-02-22 13:55:44
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
1567413	Jr F Martin Gallagher	1818 Market Street Philadelphia PA 19103	Evp & Chief Lending 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	2018-02-20	1,320	$0.00	46,951	No	5	J	Direct
Common Stock	Disposition	2018-02-20	646	$15.20	46,305	No	4	F	Direct
Common Stock	Disposition	2018-02-20	35,000	$15.37	11,305	No	4	S	Direct
Common Stock	Disposition	2018-02-20	1,320	$0.00	1,320	No	5	J	Indirect	Restricted Stock VII

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 VII

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	17,103	Indirect	By KSOP
Common Stock	9,000	Indirect	Restricted Stock IX
Common Stock	3,400	Indirect	Restricted Stock VIII
Common Stock	106,667	Indirect	Restricted Stock X
Common Stock	5,283	Indirect	Restricted Stock XI
Common Stock	6,808	Indirect	Restricted Stock XII

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)	$8.30	2022-03-23	8,800	8,800	Direct
Common Stock	Stock Option (Right to Buy)	$8.40	2023-01-17	7,699	7,699	Direct
Common Stock	Stock Option (Right to Buy)	$10.77	2024-02-20	23,098	23,098	Direct
Common Stock	Stock Option (Right to Buy)	$11.41	2025-02-06	13,312	13,312	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2022-03-23	8,800	8,800	Direct
2023-01-17	7,699	7,699	Direct
2024-02-20	23,098	23,098	Direct
2025-02-06	13,312	13,312	Direct

Footnotes

Since the reporting person's last report, 1,320 shares of restricted stock have vested and are now held directly.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $15.20 to $15.60, 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 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 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 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 6,096 shares granted, 3,657 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 2,439 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.
Of the 6,808 shares granted 4,085 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 2,723 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.
Stock options are fully vested and exercisable.
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.