SEC Form 4 · accession 0001562180-17-001076
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony J Morris
Officer — EVP/Chief Banking Officer
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 7:36 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,F3 | Feb 28, 2017 | A | 7,634 | $0.00 | A | 13,440 | D | |
| Common StockF4 | Feb 28, 2017 | A | 423 | — | A | 526 | I | 401 (k) |
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)F5 | $18.73 | holding | — | — | — | Nov 20, 2016 | Nov 20, 2024 | Common Stock | 1,000 | 1,000 | D |
| Non-Qualified Stock Option (right to buy)F6 | $21.08 | holding | — | — | — | Mar 1, 2018 | Mar 1, 2026 | Common Stock | 10,497 | 10,497 | D |
Explanation of responses
- F1Total includes 7,634 shares of restricted stock awarded on 2/28/17 with a grant date of 3/1/17 which vest 1,909 on 3/1/2018, 1,909 on 3/1/2019, 1,908 on 3/1/2020 and 1,908 on 3/1/2021.
- F2Total includes 2,250 shares of restricted stock awarded 11/20/14 which vests 750 shares on 11/20/17, 750 shares on 11/20/18 and 750 shares on 11/20/19.
- F3Total includes 3,083 shares of restricted stock awarded 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.
- F4Various dates and prices.
- F525% is first earned and exercisable on 11/20/16 and 25% annually thereafter.
- F625% is first earned and exercisable on 3/1/18 and 25% annually thereafter.