SEC Form 4 · accession 0001140361-15-000440
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eli Kramer
Director
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 4:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001017793
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2014 | A | 2,548 | $19.40 | A | 30,567 | I | Director Fee Deferred Plan |
| Common Stock | holding | — | — | — | 7,543 | D | ||
| Common Stock | holding | — | — | — | 5,600 | I | Brian Kramer Trust | |
| Common Stock | holding | — | — | — | 13,753 | I | PEKMPP Pension Plan | |
| Common Stock | holding | — | — | — | 5,596 | I | Tracy Kramer Trust | |
| Common Stock | holding | — | — | — | 459 | I | by Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F2 | $19.90 | holding | — | — | — | — | Jan 21, 2020 | Common Stock | 2,632 | 2,632 | D |
| Non-Qualfied Stock Option (right to buy)F3 | $25.50 | holding | — | — | — | Sep 24, 2010 | Sep 24, 2020 | Common Stock | 9,300 | 9,300 | D |
| Non-Qualified Stock Option (right to buy)F4 | $30.90 | holding | — | — | — | — | Jan 15, 2019 | Common Stock | 1,582 | 1,582 | D |
| Non-Qualified Stock Option (right to buy)F5 | $53.80 | holding | — | — | — | — | Jan 22, 2018 | Common Stock | 1,217 | 1,217 | D |
Explanation of responses
- F1Indirect Ownership / Director Fee Deferred Plan includes: Restricted Stock Award of 499 shares granted 6/30/14 which vest one year from the date of grant; Restricted Stock Award of 515 shares granted 12/31/14 which vest one year from the date of grant.
- F2First exercisable at the rate of one-fifth on the one-year anniversary of the Date of Grant and one-fifth annually thereafter during such periods of continued service as a director of the Company.
- F325% is first earned and exercisable on September 24, 2010 and 25% annually thereafter.
- F4First exercisable at the rate of one-third on the second anniversary of the date of grant and one-third annually thereafter during such periods of continued service as a director.
- F5First exercisable at the rate of one-fifth one year from the date of grant and one-fifth annually thereafter during such periods of continued service as a director.