SEC Form 5 · accession 0001140361-15-007163
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bernard A Brown
Other
Period of report
Dec 31, 2014
Accepted (ET)
Feb 17, 2015 · 3:11 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 Stock | Dec 19, 2013 | G | 165,621 | $0.00 | D | 1,387 | D | |
| Common Stock | Dec 19, 2013 | G | 165,621 | $0.00 | A | 793,782 | I | by Spouse |
| Common Stock | Feb 19, 2014 | G | 160,000 | $0.00 | D | 633,782 | I | by Spouse |
| Common Stock | holding | — | — | — | 132,623 | I | Brown Foundation | |
| Common Stock | holding | — | — | — | 283,273 | I | Vineland Construction |
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 | 22,720 | 22,720 | D |
| Non-Qualified Stock Option (right to buy) | $76.65 | holding | — | — | — | May 8, 2007 | May 8, 2016 | Common Stock | 5,913 | 5,913 | D |
Explanation of responses
- F125% is first earned and exercisable on September 24, 2010 and 25% annually thereafter.
- F2The transaction involved a gift of securities by the reporting person to his wife. The reporting person disclaims beneficial ownership of the shares held by his wife, and this report should not be deemed an admission that the reporting person is the beneficial owner of his wife's shares for purposes of Section 16 or for any other purpose.