SUN BANCORP INC /NJ/ 4
4 · SUN BANCORP INC /NJ/ · Filed Mar 10, 2009
Insider Transaction Report
Form 4
DANSBURY ARTHUR B
Executive Vice President
Transactions
- Award
Common Stock
2009-02-19+1,222→ 8,615 total(indirect: By 401(k)) - Award
Common Stock
2009-02-19$4.40/sh+8,273$36,401→ 8,273 total(indirect: Stock Plan '09)
Holdings
- 25,503(indirect: Stock Plan)
Common Stock
- 30,412
Non-Qualified Stock Option (right to buy)
Exercise: $8.49From: 2002-07-24Exp: 2012-01-23→ Common Stock (30,412 underlying) - 1,558
Non-Qualified Stock Option (right to buy)
Exercise: $15.43From: 2008-07-19Exp: 2017-07-19→ Common Stock (1,558 underlying) - 7,386
Incentive Stock Option (right to buy)
Exercise: $5.59From: 2002-04-02Exp: 2011-04-02→ Common Stock (7,386 underlying) - 54,009
Incentive Stock Option (right to buy)
Exercise: $8.49From: 2002-07-24Exp: 2012-01-24→ Common Stock (54,009 underlying) - 19,441
Incentive Stock Option (right to buy)
Exercise: $15.43From: 2008-07-19Exp: 2017-07-19→ Common Stock (19,441 underlying) - 4,464
Common Stock
- 2,678(indirect: By IRA)
Common Stock
Footnotes (6)
- [F1]Various.
- [F2]Shares shall be earned and non-forfeitable as of the date that is four years from March 20, 2008.
- [F3]Stock awards shall be 100% earned and non-forfeitable as of February 19, 2013, provided, however, such awards shall not be deemed vested prior to such time is permissible in accordance with Section 111(b) of the Emergency Economic Stabilization Act of 2008 (12 USC 5221), as amended, and regulations promulgated thereunder.
- [F4]First exercisable at the rate of 20% as of 6 months from the date of grant and 20% on each of the next 4 anniversaries of the first vesting event.
- [F5]First exercisable at the rate of 33 1/3% as of one year from the date of grant and 33 1/3% on each of the next 2 anniversaries of the first vesting event.
- [F6]494 options are first exercisable as of one year from the date of grant and 495 options on each of the next 2 anniversaries of the first vesting event.