SEC Form 4 · accession 0001562180-16-003772
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eli Kramer
Director
Period of report
Dec 14, 2016
Accepted (ET)
Dec 14, 2016 · 3:38 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 | Dec 14, 2016 | A | 1,500 | $0.00 | A | 45,638 | D | |
| Common Stock | holding | — | — | — | 5,599 | I | Brian Kramer Trust | |
| Common Stock | holding | — | — | — | 459 | I | by Spouse | |
| Common Stock | holding | — | — | — | 15,447 | I | The CJ Management LLC PSP FBO Eli Kramer | |
| Common Stock | holding | — | — | — | 5,595 | I | Tracy Kramer Trust |
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)F3 | $53.80 | holding | — | — | — | — | Jan 22, 2018 | Common Stock | 1,217 | 1,217 | D |
| Non-Qualified Stock Option (right to buy)F4 | $30.90 | holding | — | — | — | — | Jan 15, 2019 | Common Stock | 1,582 | 1,582 | D |
| Non-Qualified Stock Option (right to buy)F5 | $25.50 | holding | — | — | — | — | Sep 24, 2020 | Common Stock | 9,300 | 9,300 | D |
| Non-Qualified Stock Option (right to buy)F6 | $19.90 | holding | — | — | — | — | Jan 21, 2020 | Common Stock | 2,632 | 2,632 | D |
Explanation of responses
- F1Restricted Stock Award of 1,500 shares of Common Stock awarded on 12/14/16 with a Grant Date of 01/01/17 which vest one year from the Grant Date.
- F2Total includes Director Deferred Fee Plan Trust of 39,789 shares, which includes Restricted Stock Award of 1,500 shares of Common Stock awarded on 12/14/16 with a Grant Date of 01/01/17 which vest one year from the Grant Date, Restricted Stock Award of 1,500 shares granted 01/01/16 which vest one year from the date of grant, and Restricted Stock Award of 484 shares granted 12/31/15 which vest one year from the date of grant. Shares in the Director Deferred Fee Plan were previously reported as Indirect ownership.
- F3First exercisable at the rate of one-fifth one year from the grant date of January 22, 2008 and one-fifth annually thereafter during such periods of continued service as a Director.
- F4First exercisable at the rate of one-third on the second anniversary of the grant date of January 15, 2009 and one-third annually thereafter during such periods of continued service as a Director.
- F525% is first earned and exercisable on September 24, 2010 and 25% annually thereafter.
- F6First exercisable at the rate of one-fifth on the one-year anniversary of the grant date of January 21, 2010 and one-fifth annually thereafter during such periods of continued service as a Director.