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