SUN BANCORP INC /NJ/ 4
4 · SUN BANCORP INC /NJ/ · Filed Mar 3, 2016
Insider Transaction Report
Form 4
MORRIS ANTHONY J
EVP/Chief Banking OfficerOther
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2016-03-01$21.08/sh+10,497$221,277→ 10,497 totalExercise: $21.08From: 2018-03-01Exp: 2026-03-01→ Common Stock (10,497 underlying) - Award
Common Stock
2016-03-01+3,083→ 3,083 total - Award
Common Stock
2016-03-03+42.16→ 42.16 total(indirect: 401 (k))
Holdings
- 3,000(indirect: Stock Plan 11/20/14)
Common Stock
- 1,000
Incentive Stock Option (right to buy)
Exercise: $18.73From: 2016-11-20Exp: 2024-11-20→ Common Stock (1,000 underlying)
Footnotes (5)
- [F1]Total includes 3,083 shares of Restricted Stock granted 3/1/16 which vests 770 shares on 3/1/18, 771 shares on 3/1/19, 771 shares on 3/1/20 and 771 shares on 3/1/21.
- [F2]Various dates and prices.
- [F3]Stock Award shall become earned and non-forfeitable beginning 25% on the second anniversary of the effective date of award (November 20, 2016) and 25% annually thereafter; becoming 100% vested as of November 20, 2019.
- [F4]25% is first earned and exercisable on 3/1/18 and 25% annually thereafter.
- [F5]Options shall be first exercisable at the rate of 25% beginning on the second anniversary of the November 20, 2014 Date of Grant and 25% annually thereafter.