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As filed with the Securities and Exchange Commission
on May 7, 1997.
Registration No. 333-26099
_________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________
POST-EFFECTIVE AMENDMENT NO. 1 TO
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
_____________________________________________
WSFS FINANCIAL CORPORATION
- ---------------------------------------------------------------
(Exact name of Registrant as Specified in Its Charter)
Delaware 22-2866913
- ---------------------------------------------------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
838 Market Street
Wilmington, Delaware 19899
(302) 792-6000
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(Address of Principal Executive Offices)
WSFS Financial Corporation
1997 Stock Option Plan
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(Full Title of the Plan)
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<CAPTION>
<S> <C> <C>
Marvin N. Schoenhals, President with copies to: James C. Stewart, Esquire
WSFS Financial Corporation Daniel L. Hogans, Esquire
838 Market Street Housley Kantarian & Bronstein, P.C.
Wilmington, Delaware 19899 1220 19th Street N.W., Suite 700
- ----------------------------------- Washington, D.C. 20036
(Name and Address of Agent For Service)
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(302) 792-6000
- ----------------------------------------------------------------
(Telephone number, including area code, of agent for service)
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CALCULATION OF REGISTRATION FEE
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<S> <C> <C> <C> <C>
Title of Proposed Maximum Proposed Maximum Amount of
Securities to Amount to be Offering Price Aggregate Offering Registration
be registered registered Per Share Price Fee
- ------------------------------------------------------------------------------------
Common Stock,
$.01 par value 625,000 (1) $ (2) $7,238,975 (2) $2,913.63 (3)
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(1) Maximum number of shares issuable under the WSFS Financial
Corporation 1997 Stock Option Plan, as such amount may be
increased in accordance with said plan in the event of a
merger, consolidation, recapitalization or similar event
involving the Registrant.
(2) The purpose of this Post-Effective Amendment No. 1 is to
correct a computational error in the calculation of the
maximum offering price, which is properly calculated herein.
Under Rule 457(h) the registration fee may be calculated,
inter alia, based upon the price at which the options may be
exercised. 625,000 shares are being registered hereby, of
which 16,400 are under option at a weighted average exercise
price of $10.00 per share ($164,000 in the aggregate). The
remainder of such shares, which are not presently subject to
option (608,600 shares), are being registered based upon the
average of the high and low selling prices of the common
stock of the Registrant as reported on the Nasdaq National
Market on April 22, 1997 of $11.625 per share ($7,074,975 in
the aggregate). Therefore, the total amount of the offering
being registered herein is $7,238,975.
(3) A fee of $2,202.31 was previously paid.
/TABLE
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933,
as amended, the registrant certifies that it has reasonable
grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned thereunto
duly authorized, in the City of Wilmington, State of Delaware, on
May 5, 1997.
WSFS FINANCIAL CORPORATION
By:/s/ Marvin N. Schoenhals
------------------------------
Marvin N. Schoenhals
President and Chief Executive Officer
(Duly Authorized Representative)
Pursuant to the requirements of the Securities Act of 1933,
this Registration Statement has been signed by the following
persons in the capacities and on the dates indicated.
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<CAPTION>
Signatures Title Date
- ----------- ----- -----
<S> <C> <C>
/s/ Marvin N. Schoenhals Chairman, President, Chief May 5, 1997
- -------------------------- Executive Officer
Marvin N. Schoenhals (Chief Executive Officer)
/s/ R. William Abbott Executive Vice President and May 5, 1997
- -------------------------- Chief Financial Officer
R. William Abbott (Chief Financial and Accounting Officer)
* Vice Chairman and Director May __, 1997
- --------------------------
Charles G. Cheleden
* Director May __, 1997
- --------------------------
Joseph R. Julian
* Director May __, 1997
- --------------------------
David E. Hollowell
* Director May __, 1997
- --------------------------
Thomas P. Preston
Director May __, 1997
- --------------------------
Michele M. Rollins
Director May __, 1997
- -------------------------
Claibourne D. Smith
* Director May __, 1997
- --------------------------
R. Ted Weschler
__________________________ Director May __, 1997
Dale E. Wolf
* By: /s/ Marvin N. Schoenhals
------------------------
Marvin N. Schoenhals
Attorney-in-Fact
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