SEC Form 4 · accession 0001562180-17-004053
SUN BANCORP INC /NJ/ · SNBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M OBrien
Officer — President & CEO · Director
Period of report
Dec 28, 2017
Accepted (ET)
Dec 29, 2017 · 2:47 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 28, 2017 | G | 15,000 | $0.00 | D | 237,254 | D | |
| Common StockF3 | Dec 29, 2017 | A | 2 | — | 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 Stock Option (right to buy)F4 | $20.45 | holding | — | — | — | Jul 2, 2016 | Jul 2, 2024 | Common Stock | 100,000 | 100,000 | D |
| Non-Qualified Stock Option (right to buy)F5 | $19.31 | holding | — | — | — | Mar 26, 2017 | Mar 26, 2025 | Common Stock | 63,604 | 63,604 | D |
Explanation of responses
- F1Bona fide gift of 15,000 shares of Common Stock
- F2Total includes the shares of restricted stock 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 are fully vested and exercisable.
- F533 1/3% is first earned and exercisable on March 26, 2017; 33 1/3% on 12/19/17 and 33 1/3% on 3/26/19.