SUN BANCORP INC /NJ/ 4

4 · SUN BANCORP INC /NJ/ · Filed Apr 21, 2009

Form 4

Period: 2009-04-17

Executive Vice President

Transactions

Other
Common Stock
2009-04-17$7.65/sh+10,500$80,325→ 14,964 total
Tax Payment
Common Stock
2009-04-17$7.65/sh−3,306$25,291→ 11,658 total
Award
Common Stock
2009-04-17+264→ 8,879 total(indirect: By 401(k))
Other
Common Stock
2009-04-17$7.65/sh−10,500$80,325→ 15,003 total(indirect: Stock Plan)

Holdings

Incentive Stock Option (right to buy)
Exercise: $8.49From: 2002-07-24Exp: 2012-01-24→ Common Stock (54,009 underlying)
54,009
Incentive Stock Option (right to buy)
Exercise: $15.43From: 2008-07-19Exp: 2017-07-19→ Common Stock (19,441 underlying)
19,441
Non-Qualified Stock Option (right to buy)
Exercise: $15.43From: 2008-07-19Exp: 2017-07-19→ Common Stock (1,558 underlying)
1,558
Non-Qualified Stock Option (right to buy)
Exercise: $8.49From: 2002-07-24Exp: 2012-01-23→ Common Stock (30,412 underlying)
30,412
Common Stock
(indirect: Stock Plan '09)
8,273
Common Stock
(indirect: By IRA)
2,678
Incentive Stock Option (right to buy)
Exercise: $5.59From: 2002-04-02Exp: 2011-04-02→ Common Stock (7,386 underlying)
7,386

Footnotes (6)

[F1]Vesting of prior Award.
[F2]Various
[F3]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 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.
[F4]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.
[F5]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.
[F6]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.

Documents

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