SEC Form 4 · accession 0001562180-17-003587
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neelesh Kalani
Officer — SVP/Chief Accounting Officer
Period of report
Nov 15, 2017
Accepted (ET)
Nov 16, 2017 · 12:00 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 | Nov 15, 2017 | F | 534 | $24.30 | D | 4,362 | D | |
| Common StockF4 | Nov 15, 2017 | A | 3 | — | A | 2,731 | 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 | $22.25 | holding | — | — | — | Feb 17, 2013 | Feb 17, 2021 | Common Stock | 1,000 | 1,000 | D |
| Incentive Stock Option (right to buy)F6 | $18.50 | holding | — | — | — | Mar 2, 2017 | Mar 2, 2025 | Common Stock | 825 | 825 | D |
| Incentive Stock Option (right to buy)F7 | $17.85 | holding | — | — | — | Mar 1, 2014 | Mar 1, 2023 | Common Stock | 592 | 592 | D |
| Incentive Stock Option (right to buy)F8 | $16.80 | holding | — | — | — | Mar 3, 2015 | Mar 3, 2024 | Common Stock | 703 | 703 | D |
| Incentive Stock Option (right to buy)F5 | $14.25 | holding | — | — | — | Mar 1, 2013 | Mar 1, 2022 | Common Stock | 400 | 400 | D |
| Non-Qualified Option (right to buy)F9,F10 | $21.08 | holding | — | — | — | Mar 1, 2018 | Mar 1, 2026 | Common Stock | 1,373 | 1,373 | D |
Explanation of responses
- F1Shares withheld for tax withholding upon vesting of 1,712 shares of restricted stock granted on 11/15/12.
- F1025% is first earned and exercisable on 3/1/18 and 25% annually thereafter.
- F2Total includes 954 shares of restricted stock granted on 3/1/17 which vests 239 shares on 3/1/18, 239 shares on 3/1/19, 238 shares on 3/1/20 and 238 shares on 3/1/21.
- F3Total includes 403 shares of restricted stock granted on 3/1/16 which vests 100 shares on 3/1/18, 101 shares on 3/1/19, 101 shares on 3/1/20 and 101 shares on 3/1/21.
- F4Various dates and prices.
- F5Options fully vested and exercisable.
- F625% is first earned and exercisable on 3/2/17 and 25% annually thereafter.
- F720% is first earned and exercisable on 3/1/14 and 20% annually thereafter.
- F820% is first earned and exercisable on 3/3/15 and 20% annually thereafter.
- F9Previously reported as "Common Stock."