SEC Form 4 · accession 0001562180-17-003965
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
Dec 19, 2017
Accepted (ET)
Dec 20, 2017 · 9:37 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 | Dec 19, 2017 | F | 16,302 | $25.30 | D | 81,777 | D | |
| Common StockF3 | Dec 19, 2017 | A | 0 | — | A | 953 | 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 StockF4 | $21.08 | holding | — | — | — | Dec 19, 2017 | Mar 1, 2026 | Common Stock | 16,956 | 16,956 | D |
Explanation of responses
- F1Shares withheld for tax withholding upon vesting of 42,906 shares of restricted stock granted on various dates.
- F2Total includes the shares of restricted stock, net of taxes, that vested on December 19, 2017 in accordance with the terms of the Sun Bancorp, Inc. 2010 Stock Based Incentive Plan and the Sun Bancorp, Inc. 2015 Omnibus Stock Incentive Plan.
- F3Various dates and prices.
- F425% is first earned and exercisable on 12/19/2017. The remainder is earned and exercisable 25% on each of 3/1/19, 3/1/20 and 3/1/21.