SEC Form 4 · accession 0001562180-16-003870
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sidney R Brown
Director
Period of report
Dec 21, 2016
Accepted (ET)
Dec 22, 2016 · 10:18 am 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 | Dec 21, 2016 | G | 32,595 | $0.00 | D | 463,237 | D | |
| Common Stock | Dec 21, 2016 | G | 32,595 | $0.00 | A | 83,608 | I | Sid & Sandy Brw Fdn. |
| Common Stock | holding | — | — | — | 6,630 | I | by Daughter | |
| Common Stock | holding | — | — | — | 605 | I | by Spouse | |
| Common Stock | holding | — | — | — | 253,168 | I | Four Bs Partnership | |
| Common Stock | holding | — | — | — | 37,343 | I | Nat'l Distr. Centers | |
| Common Stock | holding | — | — | — | 19,164 | I | National Freight Inc. | |
| Common Stock | holding | — | — | — | 36,649 | I | NFI Interact Logistic | |
| Common Stock | holding | — | — | — | 4,466 | I | NFI Intl. Ltd. | |
| Common Stock | holding | — | — | — | 542 | I | Sandra Brw Trust | |
| Common Stock | holding | — | — | — | 5,461 | I | Son - Eric | |
| Common Stock | holding | — | — | — | 3,780 | I | Son - Jacob | |
| Common Stock | holding | — | — | — | 2,000 | I | SRB Trust 3/15/2004 |
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)F2 | $26.15 | holding | — | — | — | May 20, 2010 | May 20, 2015 | Common Stock | 3,824 | 3,824 | D |
| Non-Qualified Stock Option (right to buy)F3 | $53.80 | holding | — | — | — | — | Jan 22, 2018 | Common Stock | 19,470 | 19,470 | D |
| Non-Qualified Stock Option (right to buy)F4 | $25.50 | holding | — | — | — | Sep 24, 2010 | Sep 24, 2020 | Common Stock | 22,720 | 22,720 | D |
| Non-Qualified Stock Option (right to buy)F2 | $23.75 | holding | — | — | — | May 20, 2010 | May 20, 2020 | Common Stock | 5,584 | 5,584 | D |
Explanation of responses
- F1Includes 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.
- F2Exercisable as of date of grant.
- F3First exercisable at the rate of 1/5 one year from the date of grant and 1/5 annually thereafter during such period of continued service as a Director.
- F425% is first earned and exercisable on September 24, 2010 and 25% annually thereafter.