0001225208-19-004476.txt : 20190305 0001225208-19-004476.hdr.sgml : 20190305 20190305085801 ACCESSION NUMBER: 0001225208-19-004476 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: Canosa Joseph V CENTRAL INDEX KEY: 0001648039 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36806 FILM NUMBER: 19656771 MAIL ADDRESS: STREET 1: C/O BENEFICIAL BANCORP INC STREET 2: 1818 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 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 0001648039 Canosa Joseph V 1818 MARKET STREET PHILADELPHIA PA 19103 1 SVP--Chief Credit Officer Common Stock 2019-03-01 4 D 0 15368.0000 0.0000 D 0.0000 D Common Stock 2019-03-01 4 D 0 439.0000 0.0000 D 0.0000 I By IRA Common Stock 2019-03-01 4 D 0 9472.0000 0.0000 D 0.0000 I By KSOP Common Stock 2019-03-01 4 D 0 2000.0000 0.0000 D 0.0000 I Restricted Stock IX Common Stock 2019-03-01 4 D 0 1300.0000 0.0000 D 0.0000 I Restricted Stock VIII Common Stock 2019-03-01 4 D 0 6667.0000 0.0000 D 0.0000 I Restricted Stock X Common Stock 2019-03-01 4 D 0 945.0000 0.0000 D 0.0000 I Restricted Stock XI Common Stock 2019-03-01 4 D 0 4294.0000 0.0000 D 0.0000 I Restricted Stock XII 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. 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. Shares of restricted stock vest 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 4,955 shares granted 2,973 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 1,982 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. /s/ Amy J. Hannigan, Power of Attorney 2019-03-04