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