SEC Form 4 · accession 0001140361-15-012513
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neelesh Kalani
Officer — SVP/Chief Accounting Officer
Period of report
Mar 2, 2015
Accepted (ET)
Mar 18, 2015 · 5:18 pm EDT
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 StockF7 | Mar 2, 2015 | A | 94 | — | A | 1,989 | I | 401(k) |
| Common StockF1 | holding | — | — | — | 4,829 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (Right to Buy)F6 | $18.50 | Mar 2, 2015 | A | 825 | A | Mar 2, 2017 | Mar 2, 2025 | Common Stock | 825 | 825 | D |
| Incentive Stock Option (Right to Buy)F2 | $22.25 | holding | — | — | — | Feb 17, 2013 | Feb 17, 2021 | Common Stock | 1,000 | 1,000 | D |
| Incentive Stock Option (Right to Buy)F3 | $14.25 | holding | — | — | — | Mar 1, 2013 | Mar 1, 2022 | Common Stock | 400 | 400 | D |
| Incentive Stock Option (Right to Buy)F4 | $17.85 | holding | — | — | — | Mar 1, 2014 | Mar 1, 2023 | Common Stock | 592 | 592 | D |
| Incentive Stock Option (Right to Buy)F5 | $16.80 | holding | — | — | — | Mar 3, 2015 | Mar 3, 2024 | Common Stock | 703 | 703 | D |
Explanation of responses
- F1Total includes 3,851 shares of restricted stock granted on 11/15/12; which vests 856 on 11/15/15, 1283 on 11/15/16, 1712 on 11/15/17.
- F225% is first earned and exercisable on February 17, 2013 and 25% annually thereafter.
- F320% is first earned and exercisable on March 1, 2013 and 20% annually thereafter.
- F420% is first earned and exercisable on March 1, 2014 and 20% annually thereafter.
- F520% is first earned and exercisable on March 3, 2015 and 20% annually thereafter.
- F625% is first earned and exercisable on March 2, 2017 and 25% annually thereafter.
- F7Various dates and prices.