SUN BANCORP INC /NJ/ 4

Accession 0001140361-11-014394

CIK 0001017793operating

Filed

Mar 3, 7:00 PM ET

Accepted

Mar 4, 4:32 PM ET

Size

29.2 KB

Accession

0001140361-11-014394

Form 4

Period: 2011-03-02

Executive Vice President

Transactions

Award
Incentive Stock Option (right to buy)
2011-03-02+150,790→ 150,790 total
Exercise: $4.73From: 2013-12-31Exp: 2021-03-02→ Common Stock (150,790 underlying)

Holdings

Common Stock
(indirect: By 401(k))
13,390
Common Stock
(indirect: Stock Plan '09)
8,686
Common Stock
(indirect: Stock Plan 12-2009)
17,200
Common Stock
(indirect: By IRA)
2,811
Incentive Stock Option (right to buy)
Exercise: $4.32From: 2012-03-01Exp: 2021-03-01→ Common Stock (12,500 underlying)
12,500
Incentive Stock Option (right to buy)
Exercise: $5.32From: 2002-04-02Exp: 2011-04-02→ Common Stock (7,755 underlying)
7,755
Incentive Stock Option (right to buy)
Exercise: $14.70From: 2008-07-19Exp: 2017-07-19→ Common Stock (20,413 underlying)
20,413
Non-Qualified Stock Option (right to buy)
Exercise: $3.54From: 2011-12-17Exp: 2019-12-17→ Common Stock (4,752 underlying)
4,752
Common Stock
12,240
Common Stock
(indirect: Stock Plan)
15,753
Incentive Stock Option (right to buy)
Exercise: $3.54From: 2011-12-17Exp: 2019-12-17→ Common Stock (28,248 underlying)
28,248
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
Non-Qualified Stock Option (right to buy)
Exercise: $14.70From: 2008-07-19Exp: 2017-07-19→ Common Stock (1,635 underlying)
1,635

Footnotes (9)

[F1]11,025 and 4,728 shares shall be 100% earned and non-forfeitable as of October 18, 2011 and March 20, 2012, respectively.
[F2]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.
[F3]Shares shall be 100% earned and non-forfeitable as of the date that is 2 years from December 17, 2009.
[F4]All options are first exercisable as of the date that is 2 years from December 17, 2009.
[F5]20% is first earned and exercisable on March 1, 2012, and 20% annually thereafter.
[F6]Awarded and administered as per the approved 2010 Performance Equity Plan. Maximum options that become earned and exercisable if Board established long-term performance objectives are achieved by 12/31/2013.
[F7]First exercisable at the rate of 20% as of 6 mos 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 exercisble as of one year from the date of grant and 495 options on each of the next 2 anniversaries of the first vesting event.

Documents

2 files

SUN BANCORP INC /NJ/

CIK 0001017793

Entity typeoperating

IncorporatedNJ