SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Buchholz Karen Dougherty

(Last) (First) (Middle)
C/O WSFS FINANCIAL CORPORATION
500 DELAWARE AVE.

(Street)
WILMINGTON DE 198801

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WSFS FINANCIAL CORP [ WSFS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2019
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/01/2019 A 21,326 A (1) 21,326 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Received in exchange for 70,780 shares of Beneficial Bancorp, Inc. ("Beneficial") common stock in connection with the merger of Beneficial with and into WSFS Financial Corporation ("WSFS") effective March 1, 2019 (the "Merger"). At the effective time of the Merger at 12:01 a.m. on March 1, 2019 (the "Effective Time"), each outstanding share of Beneficial common stock converted into the right to receive 0.3013 shares of WSFS common stock and $2.93 in cash (the "Merger Consideration"). On February 28, 2019, the last trading day before the Effective Time, the closing price of Beneficial's common stock was $16.12 per share and the closing price of WSFS' common stock was $43.28 per share. All fractional share holdings were paid in cash.
Remarks:
/s/ Karen Dougherty by Charles K. Mosher, Attorney-in-Fact 03/04/2019
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
POWER OF ATTORNEY

The undersigned does hereby nominate, constitute and 
appoint Charles K. Mosher the undersigned's true 
lawful attorney and agent to do any and all things and 
execute and file any and all instruments which said 
attorneys and agents, or any of them, may deem 
necessary or advisable to enable the undersigned (in 
the undersigned's individual capacity or in any other 
capacity) to comply with the Securities Exchange Act 
of 1934 (the "34 Act") and the Securities Act of 1933 
(the "33 Act") and any requirements of the Securities 
and Exchange Commission (the "SEC") in respect 
thereof, in connection with the preparation, execution 
and/or filing of
(i) any report or statement of beneficial ownership or 
changes in beneficial ownership of securities of WSFS 
Financial Corporation, a Delaware corporation (the 
"Company"), that the undersigned (in the undersigned's 
individual capacity or in any other capacity) may be 
required to file pursuant to Section 16(a) of the 34 
Act, including any report or statement on Form 3, 
Form 4 or Form 5, or to any amendment thereto, (ii) 
any report or notice required under Rule 144 of the 33 
Act, including Form 144, or any amendment thereto, 
and (iii) any and all other documents or instruments 
that may be
 necessary or desirable in connection with 
or in furtherance of any of the foregoing, including 
Form ID, or any amendments thereto, and any other 
documents necessary or appropriate to obtain codes 
and passwords enabling the undersigned to make 
electronic filings with the SEC of reports required 
pursuant to Section 16(a) of the 34 Act or any rule or 
regulation of the SEC, such power and authority to 
extend to any form or forms adopted by the SEC in lieu 
of or in addition to any of the foregoing and to 
include full power and authority to sign the 
undersigned's name in his or her individual capacity 
or otherwise, hereby ratifying and confirming all 
that said attorneys and agents, or any of them, shall 
do or cause to be done by virtue thereof. This 
authorization shall supersede all prior 
authorizations to act for the undersigned with 
respect to securities of the Company in such matters, 
which prior authorizations are hereby revoked, and 
shall remain in effect until revoked by the 
undersigned in a signed writing delivered to the 
foregoing attorneys in fact.

IN WITNESS WHEREOF, I have hereunto set my hand this 1st day 
of March, 2019.

/s/Karen Dougherty Buchholz