SEC Form 4 · accession 0001140361-15-000489
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Galetto Jr.
Director
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 5:06 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 StockF2 | Dec 31, 2014 | A | 1,726 | $19.40 | A | 58,026 | D | |
| Common Stock | holding | — | — | — | 22,056 | I | Peter Galetto Residuary Trust | |
| Common Stock | holding | — | — | — | 967 | I | Galetto Children | |
| Common Stock | holding | — | — | — | 6,461 | I | by Spouse | |
| Common Stock | holding | — | — | — | 8,551 | I | Galetto Realty Co. | |
| Common Stock | holding | — | — | — | 7,201 | I | Stanker & Galetto |
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)F1 | $25.50 | holding | — | — | — | Sep 24, 2010 | Sep 24, 2020 | Common Stock | 9,800 | 9,800 | D |
Explanation of responses
- F125% is first earned and exercisable on September 24, 2010 and 25% annually thereafter.
- F2Direct Ownership 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.