SUN BANCORP INC /NJ/ 4
4 · SUN BANCORP INC /NJ/ · Filed Apr 4, 2016
Insider Transaction Report
Form 4
OBrien Thomas M
DirectorPresident and CEO
Transactions
- Award
Common Stock
2016-04-01+25,132→ 203,235 total - Award
Common Stock
2016-04-01+9,574→ 237,941 total - Award
Common Stock
2016-04-01+25,132→ 228,367 total
Holdings
- 528.151(indirect: By 401(k))
Common Stock
- 178,103
Common Stock
- 100,000
Non-Qualified Stock Option (right to buy)
Exercise: $20.45From: 2016-07-02Exp: 2024-07-02→ Common Stock (100,000 underlying) - 63,604
Non-Qualified Stock Option (right to buy)
Exercise: $19.31From: 2017-03-26Exp: 2025-03-26→ Common Stock (63,604 underlying)
Footnotes (8)
- [F1]Total includes a stock award of 90,362 shares granted 7/2/14 which will vest at the rate of one-third after 24 months, one-third after 36 months and one-third after 48 months from the date of grant.
- [F2]Restricted shares of stock granted 4/1/16 which will vest at the rate of one-third after 24 months, one-third after 36 months and one-third after 48 months from the date of grant.
- [F3]Total includes 25,132 shares of restricted stock granted 4/1/16 which will vest at the rate of one-third after 24 months, one-third after 36 months and one-third after 48 months from the date of grant.
- [F4]Restricted shares of stock granted 4/1/16 which will vest at the rate of 50% on 6/30/17 and 50% on 6/30/18.
- [F5]Total includes 25,132 shares of restricted stock granted 4/1/16 which will vest at the rate of 50% on 6/30/17 and 50% on 6/30/18.
- [F6]Total includes 9,574 shares of restricted stock granted 4/1/16 which will vest at the rate of 50% on 6/30/17 and 50% on 6/30/18.
- [F7]Options are exercisable on the two year anniversary of the date of grant of 7/2/14.
- [F8]25% is first earned and exercisable on March 26, 2017 and 25% annually thereafter.