0001225208-15-001348.txt : 20150114
0001225208-15-001348.hdr.sgml : 20150114
20150114193731
ACCESSION NUMBER: 0001225208-15-001348
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20150112
FILED AS OF DATE: 20150114
DATE AS OF CHANGE: 20150114
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Beneficial Bancorp Inc.
CENTRAL INDEX KEY: 0001615418
STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
IRS NUMBER: 000000000
STATE OF INCORPORATION: MD
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
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BOEHNE EDWARD G
CENTRAL INDEX KEY: 0001210658
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36806
FILM NUMBER: 15528165
MAIL ADDRESS:
STREET 1: 313 DEVON STATE ST
CITY: DEVON
STATE: PA
ZIP: 19333
4
1
doc4.xml
X0306
4
2015-01-12
0001615418
Beneficial Bancorp Inc.
BNCL
0001210658
BOEHNE EDWARD G
1818 MARKET STREET
PHILADELPHIA
PA
19103
1
Common Stock
2015-01-12
4
J
0
46745.0000
0.0000
A
46745.0000
D
Common Stock
2015-01-12
4
P
0
5000.0000
10.0000
A
51745.0000
D
Common Stock
2015-01-12
4
J
0
550.0000
0.0000
A
550.0000
I
Restricted Stock III
Common Stock
2015-01-12
4
J
0
1100.0000
0.0000
A
1100.0000
I
Restricted Stock IV
Common Stock
2015-01-12
4
J
0
1650.0000
0.0000
A
1650.0000
I
Restricted Stock V
Common Stock
2015-01-12
4
J
0
2200.0000
0.0000
A
2200.0000
I
Restricted Stock VI
Common Stock
2015-01-12
4
J
0
1649.0000
0.0000
A
1649.0000
I
Restricted Stock VII
Stock Option (Right to Buy)
8.4000
2015-01-12
4
J
0
10999.0000
0.0000
A
2023-01-17
Common Stock
10999.0000
10999.0000
D
Stock Option (Right to Buy)
10.7700
2015-01-12
4
J
0
13748.0000
0.0000
A
2024-02-20
Common Stock
13748.0000
13748.0000
D
Stock Option (Right to Buy)
8.8200
2015-01-12
4
J
0
5499.0000
0.0000
A
2020-03-05
Common Stock
5499.0000
5499.0000
D
Stock Option (Right to Buy)
7.5900
2015-01-12
4
J
0
5499.0000
0.0000
A
2019-03-09
Common Stock
5499.0000
5499.0000
D
Stock Option (Right to Buy)
8.3000
2015-01-12
4
J
0
10999.0000
0.0000
A
2022-03-23
Common Stock
10999.0000
10999.0000
D
Stock Option (Right to Buy)
7.6200
2015-01-12
4
J
0
5499.0000
0.0000
A
2021-05-27
Common Stock
5499.0000
5499.0000
D
Stock Option (Right to Buy)
10.7800
2015-01-12
4
J
0
54995.0000
0.0000
A
2018-08-06
Common Stock
54995.0000
54995.0000
D
Pursuant to the Plan of Conversion and Reorganization of Beneficial Savings Bank MHC, Beneficial Mutual Bancorp, Inc. and Beneficial Mutual Savings Bank, each share of common stock of Beneficial Mutual Bancorp was exchanged for 1.0999 shares of Beneficial Bancorp, Inc. common stock.
Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on March 5, 2011, the first anniversary of the date of the award.
Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on May 27, 2012, the first anniversary of the date of the award.
Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on March 23, 2013, the first anniversary of the date of the award.
Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on January 17, 2014, the first anniversary of the date of the award.
Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on February 20, 2015, the first anniversary of the date of the award.
Pursuant to the Plan of Conversion and Reorganization, each option to purchase a share of Beneficial Mutual Bancorp common stock was converted into an option to purchase 1.0999 shares of Beneficial Bancorp common stock, rounded down to the nearest share. The exercise price was determined by dividing the exercise price of the Beneficial Mutual Bancorp option by the 1.0999 exchange ratio with such quotient rounded up to the nearest whole cent. All such options continue to vest on their original terms.
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 March 5, 2011, the first anniversary of the date of the grant.
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 May 27, 2012, the first anniversary of the date of the grant.
boehne-poa.txt
/s/ Amy J. Hannigan, Power of Attorney
2015-01-14
EX-24
2
boehne-poa.txt
POWER OF ATTORNEY
I, Edward G. Boehne, Director of Beneficial Bancorp, Inc.
(the "Corporation"), hereby authorize and designate Gerard P. Cuddy,
Thomas D. Cestare, Amy J. Hannigan or any partner of the law firm of
Kilpatrick Townsend & Stockton LLP as my agent and attorney-in-fact,
with full power of substitution, to:
(1) prepare and sign on my behalf any Form 3, Form 4 or Form 5
under Section 16 of the Securities Exchange Act of 1934 with respect to the
Corporation's securities and file the same with the Securities and
Exchange Commission and each stock exchange on which the Corporation's stock
is listed;
(2) prepare and sign on my behalf any Form 144 Notice under
the Securities Act of 1933 with respect to a sale by me or on my behalf of
the Corporation's securities and file the same with the Securities
and Exchange Commission; and
(3) take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it
being understood that the documents executed by such attorney-in-fact on
behalf of the undersigned pursuant to this Power of Attorney shall be in
such form and shall contain such terms and conditions as such
attorney-in-fact may approve in such attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact full
power and authority to do and perform any and every act and thing whatsoever
requisite, necessary or proper to be done in the exercise of any of the
rights and powers herein granted, as fully to all intents and purposes as
the undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted. The undersigned acknowledges that the
foregoing attorney-in-fact, in serving in such capacity at the request
of the undersigned, are not assuming, nor is the Corporation assuming,
any of the undersigned's responsibilities to comply with Section 16 of
the Securities Exchange Act of 1934.
This Power of Attorney shall remain in effect until the undersigned
is no longer required to file Forms 3, 4 and 5 with respect to the
undersigned's holdings of and transactions in securities issued by
the Corporation, unless earlier revoked by the undersigned in a signed
and dated writing delivered to each of the foregoing attorneys-in-fact.
Dated: January 14, 2015 /s/ Edward G. Boehne