SEC Form 4 · accession 0001562180-16-001887
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicos Katsoulis
Officer — EVP/Chief Lending Officer
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 5:57 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,F2 | Mar 1, 2016 | A | 4,981 | $0.00 | A | 82,834 | D | |
| Common StockF3 | Mar 3, 2016 | A | 515 | — | A | 515 | I | 401 (k) |
| Common StockF1 | holding | — | — | — | 77,853 | D |
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 | $21.08 | Mar 1, 2016 | A | 16,956 | A | Mar 1, 2018 | Mar 1, 2026 | Common Stock | 16,956 | 16,956 | D |
Explanation of responses
- F1Total includes 46,712 restricted shares granted on 5/26/15 which will vest 25% on 11/10/16, 25% on 11/10/17 and 50% on 11/10/18.
- F2Total includes 4,981 shares of Restricted Stock granted 3/1/16 which vests 1,245 shares on 3/1/18, 1245 shares on 3/1/19, 1,245 shares on 3/1/20, 1,246 shares on 3/1/21.
- F3Various dates and prices.
- F425% if first earned and exercisable on 3/1/18 and 25% annually thereafter.