SEC Form 4 · accession 0001140361-15-007771
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M OBrien
Officer — President & CEO · Director
Period of report
Feb 17, 2015
Accepted (ET)
Feb 18, 2015 · 3:04 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 | Feb 17, 2015 | P | 5,000 | $18.7942 | A | 77,741 | D | |
| Common StockF1 | holding | — | — | — | 90,362 | I | Restricted Stock Award |
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 | $20.45 | holding | — | — | — | — | Jul 2, 2024 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Restricted Stock will vest at the rate of one-third after 24 months, one-third after 36 months, and one-third after 48 months from the date of grant.
- F2Options are exercisable on the two year anniversary of the date of grant.