SEC Form 4 · accession 0001562180-17-003533
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicos Katsoulis
Officer — EVP/Chief Lending Officer
Period of report
Nov 10, 2017
Accepted (ET)
Nov 13, 2017 · 11:25 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,F2,F3,F4,F5 | Nov 10, 2017 | F | 4,350 | $24.00 | D | 98,079 | D | |
| Common StockF6 | Nov 10, 2017 | A | 0 | — | A | 952 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified StockF7 | $21.08 | holding | — | — | — | Mar 1, 2018 | Mar 1, 2026 | Common Stock | 16,956 | 16,956 | D |
Explanation of responses
- F1Shares withheld for tax withholding upon vesting of 11,678 shares of restricted stock awarded on 5/26/15.
- F2Total includes 23,356 shares of restricted stock awarded on 5/26/15 which vest on 11/10/18.
- F3Total includes 4,981 shares of restricted stock awarded on 3/1/16 which vests 1,245 shares on 3/1/18, 1,245 shares on 3/1/19, 1,245 shares on 3/1/20 and 1,246 shares on 3/1/21.
- F4Total includes 5,027 shares of restricted stock awarded on 4/1/16 which vest on 6/30/18.
- F5Total includes 9,542 shares of restricted stock awarded on 2/28/17 which vests 2,386 shares on 3/1/18, 2,386 shares on 3/1/19, 2,385 shares on 3/1/20 and 2,385 shares on 3/1/21.
- F6Various dates and prices.
- F725% if first earned and exercisable on 3/1/18 and 25% annually thereafter.