SEC Form 4 · accession 0001562180-16-003168
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia M Schaubeck
Officer — EVP & General Counsel
Period of report
Sep 29, 2016
Accepted (ET)
Sep 30, 2016 · 1:38 pm EDT
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 | Sep 29, 2016 | F | 462 | $22.62 | D | 10,985 | D | |
| Common StockF4 | Sep 29, 2016 | A | 179 | — | A | 522 | I | 401 (k) |
| Common StockF1,F2 | holding | — | — | — | 11,447 | 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)F5 | $21.08 | holding | — | — | — | Mar 1, 2018 | Mar 1, 2026 | Common Stock | 10,093 | 10,093 | D |
Explanation of responses
- F1Total includes 3,750 shares of Common Stock awarded 9/29/14 which vests 1,250 on 9/29/17, 1,250 on 9/29/18 and 1,250 on 9/29/19.
- F2Total includes 2,965 shares of Restricted Stock granted 3/1/16 which vests 741 shares on 3/1/18, 741 shares on 3/1/19, 741 shares on 3/1/20 and 742 shares on 3/1/21.
- F3Shares withheld for tax withholdings upon vesting of 1,250 shares of Restricted Stock granted 9/29/14.
- F4Various dates and prices.
- F525% is first earned and exercisable on 3/1/18 and 25% annually thereafter.