SEC Form 4 · accession 0001562180-17-003969
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas R Brugger
Officer — EVP/Chief Financial Officer
Period of report
Dec 19, 2017
Accepted (ET)
Dec 20, 2017 · 10:00 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 | 4,436 | $25.30 | D | 20,087 | D | |
| Common StockF3 | Dec 19, 2017 | A | 0 | — | A | 1,249 | 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 OptionF4 | $15.15 | holding | — | — | — | Nov 15, 2014 | Nov 15, 2022 | Common Stock | 4,000 | 4,000 | D |
| Non-Qualified Stock Option (right to buy)F5 | $21.08 | holding | — | — | — | Dec 19, 2017 | Mar 1, 2026 | Common Stock | 10,497 | 10,497 | D |
| Non-Qualified Stock Option (right to buy)F6 | $19.31 | holding | — | — | — | Mar 26, 2017 | Mar 26, 2025 | Common Stock | 8,077 | 8,077 | D |
Explanation of responses
- F1Shares withheld for tax withholdings upon vesting of 11,908 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.
- F4Options fully vested and exercisable.
- F525% is first earned and exercisable on 12/19/17. The remainder is earned and exercisable 25% on each of 3/1/19, 3/1/20 and 3/1/21.
- F625% is first earned and exercisable on 3/26/17; 25% on 12/19/17 and 25% on each of 3/26/19 and 3/26/20.