SEC Form 4 · accession 0001562180-17-003973
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony J Morris
Officer — EVP/Chief Banking Officer
Period of report
Dec 19, 2017
Accepted (ET)
Dec 20, 2017 · 1:36 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 | Dec 19, 2017 | F | 4,551 | $25.30 | D | 8,612 | D | |
| Common StockF3 | Dec 19, 2017 | A | 0 | — | A | 527 | 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)F4 | $18.73 | holding | — | — | — | Nov 20, 2016 | Nov 20, 2024 | Common Stock | 1,000 | 1,000 | 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 |
Explanation of responses
- F1Shares withheld for tax withholding upon vesting of 12,217 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 11/20/16 and 25% annually thereafter.
- F525% 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.