SEC Form 4 · accession 0001562180-16-001898
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
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 7:55 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 StockF3,F1,F2 | Mar 1, 2016 | A | 3,083 | $0.00 | A | 18,019 | D | |
| Common StockF4,F1,F2,F3 | Mar 3, 2016 | F | 236 | $21.14 | D | 17,783 | D | |
| Common StockF5 | Mar 3, 2016 | A | 528 | — | A | 823 | I | 401 (k) |
| Common StockF1,F2 | holding | — | — | — | 14,936 | 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)F6 | $21.08 | Mar 1, 2016 | A | 10,497 | A | Mar 1, 2018 | Mar 1, 2026 | Common Stock | 10,497 | 10,497 | D |
| Incentive Stock Option (right to buy)F7 | $15.15 | holding | — | — | — | Nov 15, 2014 | Nov 15, 2022 | Common Stock | 4,000 | 4,000 | D |
| Non-Qualified Stock Option (right to buy)F8 | $19.31 | holding | — | — | — | Mar 26, 2017 | Mar 26, 2025 | Common Stock | 8,077 | 8,077 | D |
Explanation of responses
- F1Total includes 2000 shares of restricted stock granted on 2/20/14 which vests 1,000 shares on 11/15/16, 1000 shares on 11/15/17.
- F2Total includes 1,787 shares of restricted stock granted on 3/3/14 which vests 596 shares on 3/3/17, 595 shares on 3/3/18 and 596 shares on 3/3/19.
- F3Total includes 3,083 shares of Restricted Stock granted 3/1/16 which vests 770 shares on 3/1/18, 771 shares on 3/1/19, 771 shares on 3/1/20 and 771 shares on 3/1/21.
- F4Shares withheld for tax withholding upon vesting of 595 shares of restricted stock granted 2/20/14.
- F5Various dates and prices.
- F625% is first earned and exercisable on 3/1/18 and 25% annually thereafter.
- F7Stock 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.
- F825% is first earned and exercisable on 3/26/17 and 25% annually thereafter.