SEC Form 4 · accession 0001562180-16-001240
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sidney R Brown
Director
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 2:21 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 StockF1 | Dec 31, 2015 | A | 3,134 | $20.64 | A | 494,332 | D | |
| Common Stock | holding | — | — | — | 6,630 | I | by Daughter | |
| Common Stock | holding | — | — | — | 605 | I | by Spouse | |
| Common Stock | holding | — | — | — | 253,168 | I | Four Bs Partnership | |
| Common Stock | holding | — | — | — | 37,343 | I | Nat'l Distr. Centers | |
| Common Stock | holding | — | — | — | 19,164 | I | National Freight Inc. | |
| Common Stock | holding | — | — | — | 36,649 | I | NFI Interact Logistic | |
| Common Stock | holding | — | — | — | 4,466 | I | NFI Intl. Ltd. | |
| Common Stock | holding | — | — | — | 542 | I | Sandra Brw Trust | |
| Common Stock | holding | — | — | — | 51,013 | I | Sid & Sandy Brw Fdn. | |
| Common Stock | holding | — | — | — | 5,461 | I | Son - Eric | |
| Common Stock | holding | — | — | — | 3,780 | I | Son - Jacob | |
| Common Stock | holding | — | — | — | 2,000 | I | SRB Trust 3/15/2004 |
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)F2 | $26.15 | holding | — | — | — | May 20, 2010 | May 20, 2015 | Common Stock | 3,824 | 3,824 | D |
| Non-Qualified Stock Option (right to buy) | $76.65 | holding | — | — | — | May 8, 2007 | May 8, 2016 | Common Stock | 2,957 | 2,957 | D |
| Non-Qualified Stock Option (right to buy)F3 | $53.80 | holding | — | — | — | — | Jan 22, 2018 | Common Stock | 19,470 | 19,470 | D |
| Non-Qualified Stock Option (right to buy)F4 | $25.50 | holding | — | — | — | Sep 24, 2010 | Sep 24, 2020 | Common Stock | 22,720 | 22,720 | D |
| Non-Qualified Stock Option (right to buy)F4 | $23.75 | holding | — | — | — | May 20, 2010 | May 20, 2020 | Common Stock | 5,584 | 5,584 | D |
Explanation of responses
- F1Includes the following Restricted Stock Awards which vest 12/31/15: Restricted Stock Award of 770 shares granted 12/31/13; Restricted Stock Award of 854 shares granted 1/31/14; Restricted Stock Award of 779 shares granted 2/28/14; Restricted Stock Award of 807 shares granted 3/31/14; Restricted Stock Award of 713 shares granted 4/30/14; Restricted Stock Award of 718 shares granted 5/30/14; Restricted Stock Award of 675 shares granted 6/30/14.
- F2Exercisable as of date of grant.
- F3First exercisable at the rate of 1/5 one year from the date of grant and 1/5 annually thereafter during such period of continued service as a Director.
- F425% is first earned and exercisable on September 24, 2010 and 25% annually thereafter.