0001225208-19-003360.txt : 20190222
0001225208-19-003360.hdr.sgml : 20190222
20190222145916
ACCESSION NUMBER: 0001225208-19-003360
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190220
FILED AS OF DATE: 20190222
DATE AS OF CHANGE: 20190222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cestare Thomas David
CENTRAL INDEX KEY: 0001313985
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36806
FILM NUMBER: 19625314
MAIL ADDRESS:
STREET 1: C/O SOVEREIGN BANCORP, INC.
STREET 2: 1130 BERKSHIRE BLVD.
CITY: WYOMMISSING
STATE: PA
ZIP: 19610
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Beneficial Bancorp Inc.
CENTRAL INDEX KEY: 0001615418
STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
IRS NUMBER: 471569198
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1818 MARKET STREET
CITY: PHILADELPHIA
STATE: PA
ZIP: 19103
BUSINESS PHONE: 215-864-6000
MAIL ADDRESS:
STREET 1: 1818 MARKET STREET
CITY: PHILADELPHIA
STATE: PA
ZIP: 19103
4
1
doc4.xml
X0306
4
2019-02-20
0001615418
Beneficial Bancorp Inc.
BNCL
0001313985
Cestare Thomas David
1818 MARKET STREET
PHILADELPHIA
PA
19103
1
EVP and CFO
Common Stock
2019-02-20
5
J
0
3520.0000
0.0000
A
127705.0000
D
Common Stock
2019-02-20
4
F
0
1636.0000
16.1000
D
126069.0000
D
Common Stock
2019-02-20
5
J
0
3520.0000
0.0000
D
0.0000
I
Restricted Stock VII
Common Stock
22038.0000
I
By KSOP
Common Stock
13397.0000
I
Restricted Stock IX
Common Stock
7000.0000
I
Restricted Stock VIII
Common Stock
91667.0000
I
Restricted Stock X
Common Stock
6905.0000
I
Restricted Stock XI
Common Stock
9115.0000
I
Restricted Stock XII
Stock Option (Right to Buy)
7.6200
2021-05-27
Common Stock
32997.0000
32997.0000
D
Stock Option (Right to Buy)
8.3000
2022-03-23
Common Stock
54995.0000
54995.0000
D
Stock Option (Right to Buy)
8.4000
2023-01-17
Common Stock
65994.0000
65994.0000
D
Stock Option (Right to Buy)
9.0900
2020-07-06
Common Stock
2749.0000
2749.0000
D
Stock Option (Right to Buy)
10.7700
2024-02-20
Common Stock
65994.0000
65994.0000
D
Stock Option (Right to Buy)
11.4100
2025-02-06
Common Stock
38032.0000
38032.0000
D
Since the reporting person's last report, 3,520 shares of restricted stock have vested and are now held directly.
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.
This form reflects increase in beneficial ownership resulting from exempt acquisitions 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 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.
Of the 10,517 shares granted 6,310 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 4,207 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 6, 2016, the first anniversary of the date of the grant.
/s/ Amy J. Hannigan, Power of Attorney
2019-02-22