SEC Form 4 · accession 0001562180-17-003591
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michele B Estep
Officer — EVP/Chief Administrative Offic · Other
Period of report
Nov 15, 2017
Accepted (ET)
Nov 16, 2017 · 12:12 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,F4 | Nov 15, 2017 | F | 2,173 | $24.30 | D | 27,279 | D | |
| Common StockF5 | Nov 15, 2017 | A | 4 | — | A | 3,290 | 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)F6 | $21.60 | holding | — | — | — | Mar 1, 2012 | Mar 1, 2021 | Common Stock | 4,000 | 4,000 | D |
| Incentive Stock Option (right to buy)F6 | $17.70 | holding | — | — | — | Dec 17, 2010 | Dec 17, 2019 | Common Stock | 4,411 | 4,411 | D |
| Incentive Stock Option (right to buy)F6 | $17.70 | holding | — | — | — | Dec 17, 2010 | Dec 17, 2019 | Common Stock | 1,590 | 1,590 | D |
| Incentive Stock Option (right to buy)F6 | $14.25 | holding | — | — | — | Mar 1, 2013 | Mar 1, 2022 | Common Stock | 1,907 | 1,907 | D |
| Non-Qualified Stock Option (right to buy)F6 | $59.70 | holding | — | — | — | Mar 31, 2009 | Mar 31, 2018 | Common Stock | 1,103 | 1,103 | D |
| Non-Qualified Stock Option (right to buy)F7 | $21.08 | holding | — | — | — | Mar 1, 2018 | Mar 1, 2026 | Common Stock | 8,478 | 8,478 | D |
| Non-Qualified Stock Option (right to buy)F8 | $19.31 | holding | — | — | — | Mar 26, 2017 | Mar 26, 2025 | Common Stock | 8,077 | 8,077 | D |
Explanation of responses
- F1Shares withheld for tax withholding upon vesting of 6,931 shares of restricted stock granted on 11/15/12.
- F2Total includes 6,679 shares of restricted stock granted on 2/28/17 which vests 1,670 shares on 3/1/18, 1,670 shares on 3/1/19, 1,669 shares on 3/1/20 and 1,669 shares on 3/1/21.
- F3Total includes 834 shares of restricted stock granted on 3/3/14 which vests 417 shares on 3/3/18 and 417 shares on 3/3/19.
- F4Total includes 2,491 shares of restricted stock granted on 3/1/16 which vests 622 shares on 3/1/18, 623 shares on 3/1/19, 623 shares on 3/1/20 and 623 shares on 3/1/21.
- F5Various dates and prices.
- F6Options fully vested and exercisable.
- F725% is first earned and exercisable on 3/1/18 and 25% annually thereafter.
- F825% is first earned and exercisable on 3/26/17 and 25% annually thereafter.