SEC Form 4 · accession 0001562180-16-001925
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 3, 2016
Accepted (ET)
Mar 4, 2016 · 5:48 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 StockF2,F1 | Mar 3, 2016 | F | 149 | $21.14 | D | 2,586 | D | |
| Common StockF3 | Mar 3, 2016 | A | 245 | — | A | 669 | I | 401 (k) |
| Common StockF1 | holding | — | — | — | 2,735 | D |
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)F4 | $16.85 | holding | — | — | — | Dec 20, 2013 | Dec 20, 2022 | Common Stock | 3,000 | 3,000 | D |
| Non-Qualified Stock Option (right to buy)F5 | $19.31 | holding | — | — | — | Mar 26, 2017 | Mar 26, 2025 | Common Stock | 8,077 | 8,077 | D |
Explanation of responses
- F1Total includes 1,251 shares of restricted stock granted on 3/3/14, which vests 417 shares on 3/3/17, 417 shares on 3/3/18, 417 shares on 3/3/19.
- F2Shares withheld for tax withholding upon vesting of 417 shares of restricted stock granted 3/3/14.
- F3Various dates and prices.
- F425% is first earned and exercisable on December 20, 2013 and 25% annually thereafter.
- F525% is first earned and exercisable on March 26, 2017 and 25% annually thereafter.