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