SEC Form 4 · accession 0001562180-17-004035
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Galetto Jr.
Director
Period of report
Dec 27, 2017
Accepted (ET)
Dec 27, 2017 · 4:38 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 27, 2017 | G | 2,800 | $0.00 | D | 60,350 | D | |
| Common Stock | holding | — | — | — | 6,461 | I | by Spouse | |
| Common Stock | holding | — | — | — | 967 | I | Galetto Children | |
| Common Stock | holding | — | — | — | 8,551 | I | Galetto Realty Co. | |
| Common Stock | holding | — | — | — | 22,056 | I | Peter Galetto Residuary Trust | |
| Common Stock | holding | — | — | — | 7,201 | I | Stanker & Galetto |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $25.50 | holding | — | — | — | — | Sep 24, 2020 | Common Stock | 9,800 | 9,800 | D |
Explanation of responses
- F1Bona fide gift of 2,800 shares of Common Stock.
- F2Total includes Restricted Stock Award of 1,500 shares of Common Stock awarded on 12/14/16 with a Grant Date of 01/01/17 which vest one year from the Grant Date.
- F3Options fully vested and exercisable.