0001225208-19-004481.txt : 20190305
0001225208-19-004481.hdr.sgml : 20190305
20190305090025
ACCESSION NUMBER: 0001225208-19-004481
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190301
FILED AS OF DATE: 20190305
DATE AS OF CHANGE: 20190305
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FARNESI FRANK
CENTRAL INDEX KEY: 0001219205
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36806
FILM NUMBER: 19656780
MAIL ADDRESS:
STREET 1: 6 WOODFORD LANE
CITY: MALVERN
STATE: PA
ZIP: 19355
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
2019-03-01
1
0001615418
Beneficial Bancorp Inc.
BNCL
0001219205
FARNESI FRANK
1818 MARKET STREET
PHILADELPHIA
PA
19103
1
Common Stock
2019-03-01
4
D
0
133053.0000
0.0000
D
0.0000
D
Stock Option (Right to Buy)
8.4000
2019-03-01
4
D
0
21998.0000
0.0000
D
2023-01-17
Common Stock
21998.0000
0.0000
D
Stock Option (Right to Buy)
10.7700
2019-03-01
4
D
0
24197.0000
0.0000
D
2024-02-20
Common Stock
24197.0000
0.0000
D
Stock Option (Right to Buy)
8.8200
2019-03-01
4
D
0
5499.0000
0.0000
D
2020-03-05
Common Stock
5499.0000
0.0000
D
Stock Option (Right to Buy)
7.5900
2019-03-01
4
D
0
5499.0000
0.0000
D
2019-03-09
Common Stock
5499.0000
0.0000
D
Stock Option (Right to Buy)
8.3000
2019-03-01
4
D
0
10999.0000
0.0000
D
2022-03-23
Common Stock
10999.0000
0.0000
D
Stock Option (Right to Buy)
7.6200
2019-03-01
4
D
0
5499.0000
0.0000
D
2021-05-27
Common Stock
5499.0000
0.0000
D
Disposed of pursuant to the Agreement and Plan of Reorganization, dated as of August 7, 2018 and amended on November 1, 2018, by and between WSFS Financial Corporation ("WSFS") and Beneficial Bancorp, Inc. ("Beneficial"), pursuant to which Beneficial merged with and into WSFS, with WSFS continuing as the surviving entity (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of Beneficial common stock issued and outstanding immediately prior to such time (other than certain excluded common stock) was converted into the right to receive 0.3013 of a share of WSFS common stock and $2.93 in cash.
Stock options are fully vested and exercisable.
At the Effective Time, pursuant to the Agreement and Plan of Reorganization, dated as of August 7, 2018 and amended on November 1, 2018, by and between WSFS and Beneficial, all stock options were cancelled and the reporting person received a cash payment for each stock option equal to the difference, if positive, between $19.50 and the applicable exercise price of such stock option.
/s/ Amy J. Hannigan, Power of Attorney
2019-03-04