SEC Form 4 · accession 0001562180-17-002319
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James B. Lockhart III
Director
Period of report
Jun 27, 2017
Accepted (ET)
Jun 29, 2017 · 11:00 am 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 StockF1,F2 | Jun 27, 2017 | A | 870 | $0.00 | A | 970 | D | |
| Common StockF3 | holding | — | — | — | 4,255,848 | I | WLR SBI AcquisitionCo, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Stock Award of 870 shares awarded on 6/27/17 with a Grant Date of 6/27/17 which vest on January 1, 2018.
- F2Total includes Restricted Stock Award of 870 shares of Common Stock awarded on 6/27/17 with a Grant Date of 6/27/17 which vest on January 1, 2018.
- F3James B. Lockhart III is the Vice Chairman of WL Ross & Co. LLC, which is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P., which is the sole manager of WLR SBI AcquisitionCo, LLC. WL Ross & Co. LLC is the investment manager of WLR Recovery Fund IV, L.P. Accordingly, WLR Recovery Associates IV LLC, WLR Recovery Fund IV, L.P., WLR SBI AcquisitionCo, LLC, WL Ross & Co. LLC and James B. Lockhart III may be deemed to share voting and dispositive power over the common stock held by WLR SBI AcquisitionCo, LLC. I, James B. Lockhart III, hereby disclaim beneficial ownership of the interests set forth above, except for my pecuniary interest therein.