SEC Form 4 · accession 0001140361-15-013510
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alberino J Celini
Officer — EVP/Chief Risk Officer · Other
Period of report
Mar 26, 2015
Accepted (ET)
Mar 30, 2015 · 5:03 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 | holding | — | — | — | 2,908 | D | ||
| Common Stock | holding | — | — | — | 353 | 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)F4 | $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)F3 | $16.85 | holding | — | — | — | Dec 20, 2013 | Dec 20, 2022 | Common Stock | 3,000 | 3,000 | D |
Explanation of responses
- F1Total includes 570 shares of restricted stock granted on 7/18/13, which vests on 7/18/15.
- F2Total 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.
- F325% is first earned and exercisable on December 20, 2013 and 25% annually thereafter.
- F425% is first earned and exercisable on March 26, 2017 and 25% annually thereafter.