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4//SEC Filing

SUN BANCORP INC /NJ/ 4

Accession 0001562180-16-001898

CIK 0001017793operating

View on SEC.gov Company Profile

Filed

Mar 2, 7:00 PM ET

Accepted

Mar 3, 7:55 PM ET

Size

24.7 KB

Accession

0001562180-16-001898

Insider Transaction Report

Form 4

Period: 2016-03-01

SUN BANCORP INC /NJ/SNBC

BRUGGER THOMAS R

EVP/CFO of Sun National Bank

Transactions

Award
Common Stock
2016-03-01+3,083→ 18,019 total
Award
Common Stock
2016-03-03+528.151→ 823.482 total(indirect: 401 (k))
Award
Non-Qualified Stock Option (right to buy)
2016-03-01$21.08/sh+10,497$221,277→ 10,497 total
Exercise: $21.08From: 2018-03-01Exp: 2026-03-01→ Common Stock (10,497 underlying)
Tax Payment
Common Stock
2016-03-03$21.14/sh−236$4,989→ 17,783 total

Holdings

Common Stock
14,936
Non-Qualified Stock Option (right to buy)
Exercise: $19.31From: 2017-03-26Exp: 2025-03-26→ Common Stock (8,077 underlying)
8,077
Incentive Stock Option (right to buy)
Exercise: $15.15From: 2014-11-15Exp: 2022-11-15→ Common Stock (4,000 underlying)
4,000

Footnotes (8)

[F1]Total includes 2000 shares of restricted stock granted on 2/20/14 which vests 1,000 shares on 11/15/16, 1000 shares on 11/15/17.
[F2]Total includes 1,787 shares of restricted stock granted on 3/3/14 which vests 596 shares on 3/3/17, 595 shares on 3/3/18 and 596 shares on 3/3/19.
[F3]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.
[F4]Shares withheld for tax withholding upon vesting of 595 shares of restricted stock granted 2/20/14.
[F5]Various dates and prices.
[F6]25% is first earned and exercisable on 3/1/18 and 25% annually thereafter.
[F7]Stock option shall be first exercisable at the rate of one-fourth on the second anniversary of the date of grant and one-fourth annually thereafter; provided that the recipient is then an employee of the Bank.
[F8]25% is first earned and exercisable on 3/26/17 and 25% annually thereafter.

Documents

2 files

Issuer

SUN BANCORP INC /NJ/

CIK 0001017793

Entity typeoperating

IncorporatedNJ

Related Parties

1

filerCIK 0001017793

Filing Metadata

Form type: 4
Filed: Mar 2, 7:00 PM ET
Accepted: Mar 3, 7:55 PM ET
Size: 24.7 KB

View on SEC.gov