SUN BANCORP INC /NJ/ 4

4 · SUN BANCORP INC /NJ/ · Filed Dec 22, 2009

Form 4

Period: 2009-12-17

Executive Vice President

Transactions

Award
Incentive Stock Option (right to buy)
2009-12-17+28,248→ 28,248 total
Exercise: $3.54From: 2011-12-17Exp: 2019-12-17→ Common Stock (28,248 underlying)
Award
Common Stock
2009-12-17+1,359→ 10,682 total(indirect: By 401(k))
Award
Common Stock
2009-12-17$3.54/sh+17,200$60,888→ 17,200 total(indirect: Stock Plan 12-2009)
Award
Non-Qualified Stock Option (right to buy)
2009-12-17+4,752→ 4,752 total
Exercise: $3.54From: 2011-12-17Exp: 2019-12-17→ Common Stock (4,752 underlying)

Holdings

Common Stock
(indirect: Stock Plan '09)
8,686
Incentive Stock Option (right to buy)
Exercise: $14.70From: 2008-07-19Exp: 2017-07-19→ Common Stock (20,413 underlying)
20,413
Common Stock
12,240
Incentive Stock Option (right to buy)
Exercise: $5.32From: 2002-04-02Exp: 2011-04-02→ Common Stock (7,755 underlying)
7,755
Non-Qualified Stock Option (right to buy)
Exercise: $14.70From: 2008-07-19Exp: 2017-07-19→ Common Stock (1,635 underlying)
1,635
Common Stock
(indirect: Stock Plan)
15,753
Common Stock
(indirect: By IRA)
2,811
Incentive Stock Option (right to buy)
Exercise: $8.09From: 2002-07-24Exp: 2012-01-24→ Common Stock (56,709 underlying)
56,709
Non-Qualified Stock Option (right to buy)
Exercise: $8.09From: 2002-07-24Exp: 2012-01-23→ Common Stock (31,932 underlying)
31,932

Footnotes (9)

[F1]Various
[F2]Various
[F3]11,025 and 4,728 shares shall be 100% earned and non-forfeitable as of October 18, 2011 and March 20, 2012, respectively.
[F4]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 that 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.
[F5]Shares shall be 100% earned and non-forfeitable as of the date that is 2 years from December 17, 2009.
[F6]All options are first exercisable as of the date that is 2 years from December 17, 2009.
[F7]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.
[F8]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.
[F9]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.

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