SEC Form 4 · accession 0001140361-15-042043
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas R Brugger
Officer — EVP/Chief Financial Officer
Period of report
Nov 15, 2015
Accepted (ET)
Nov 17, 2015 · 4:19 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 StockF5,F1,F2 | Nov 15, 2015 | F | 306 | $21.29 | D | 14,936 | D | |
| Common StockF1,F2 | holding | — | — | — | 15,421 | D | ||
| Common Stock | holding | — | — | — | 295 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F3 | $15.15 | holding | — | — | — | Nov 15, 2014 | Nov 15, 2022 | Common Stock | 4,000 | 4,000 | D |
| Non-Qualified Stock Option (right to buy)F4 | $19.31 | holding | — | — | — | Mar 26, 2017 | Mar 26, 2025 | Common Stock | 8,077 | 8,077 | D |
Explanation of responses
- F1Total includes 3,000 shares of restricted stock granted on 2/20/14 which vests 1,000 on 11/15/15, 1,000 on 11/15/16, 1,000 on 11/15/17.
- F2Total includes 2,382 shares of restricted stock granted on 3/3/14 which vests 595 on 3/3/16, 596 on 3/3/17,595 on 3/3/18 and 596 on 3/3/19.
- F3Stock option shall be first exercisable at the rate of one-fourth on the second anniversary of the date of grant and one-fourth annually thereafter; provided that the recipient is then an employee of the Bank.
- F425% is first earned and exercisable on March 26, 2017 and 25% annually thereafter.
- F5Shares withheld for tax withholding upon vesting of stock award issued 2/20/14.