SEC Form 4 · accession 0001140361-15-013494
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michele B Estep
Officer — EVP/Chief Administrative Offic · Other
Period of report
Mar 26, 2015
Accepted (ET)
Mar 30, 2015 · 4:46 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 StockF1,F2,F3 | holding | — | — | — | 23,941 | D | ||
| Common Stock | holding | — | — | — | 2,386 | I | 401 (k) |
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)F7 | $19.31 | Mar 26, 2015 | A | 8,077 | A | Mar 26, 2017 | Mar 26, 2025 | Common Stock | 8,077 | 8,077 | D |
| Incentive Stock Option (right to buy)F4 | $59.70 | holding | — | — | — | Mar 31, 2009 | Mar 31, 2018 | Common Stock | 1,103 | 1,103 | D |
| Incentive Stock Option (right to buy)F4 | $17.70 | holding | — | — | — | Dec 17, 2010 | Dec 17, 2019 | Common Stock | 4,411 | 4,411 | D |
| Incentive Stock Option (right to buy)F4 | $17.70 | holding | — | — | — | Dec 17, 2010 | Dec 17, 2019 | Common Stock | 1,590 | 1,590 | D |
| Incentive Stock Option (right to buy)F5 | $21.60 | holding | — | — | — | Mar 1, 2012 | Mar 1, 2021 | Common Stock | 4,000 | 4,000 | D |
| Incentive Stock Option (right to buy)F6 | $14.25 | holding | — | — | — | Mar 1, 2013 | Mar 1, 2022 | Common Stock | 1,907 | 1,907 | D |
Explanation of responses
- F1Total includes 15,595 shares of restricted stock granted on 11/15/2012 which vests 3,466 on 11/15/15, 5,198 on 11/15/16, 6,931 on 11/15/17.
- F2Total includes 1,425 shares of restricted stock granted on 7/18/13, which vests on 7/18/15.
- F3Total includes 1,668 shares of restricted stock granted on 3/3/14, which vests 417 shares on 3/3/16, 417 shares on 3/3/17, 417 shares on 3/3/18, 417 shares on 3/3/19.
- F4Options fully vested and exercisable.
- F520% is first earned and exercisable on March 1, 2012 and 20% annually thereafter.
- F620% is first earned and exercisable on March 1, 2013 and 20% annually thereafter.
- F725% is first earned and exercisable on March 26, 2017 and 25% annually thereafter.