4//SEC Filing
SUN BANCORP INC /NJ/ 4
Accession 0001562180-17-001072
CIK 0001017793operating
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 7:27 PM ET
Size
12.6 KB
Accession
0001562180-17-001072
Insider Transaction Report
Form 4
OBrien Thomas M
DirectorPresident and CEO
Transactions
- Award
Common Stock
2017-02-28+8,588→ 252,254 total - Award
Common Stock
2017-02-28+5,725→ 243,666 total - Award
Common Stock
2017-02-28+423.586→ 951.737 total(indirect: 401 (k))
Holdings
- 63,604
Non-Qualified Stock Option (right to buy)
Exercise: $19.31From: 2017-03-26Exp: 2025-03-26→ Common Stock (63,604 underlying) - 100,000
Non-Qualified Stock Option (right to buy)
Exercise: $20.45From: 2016-07-02Exp: 2024-07-02→ Common Stock (100,000 underlying)
Footnotes (11)
- [F1]Restricted shares of stock awarded 2/28/17 with a grant date of 3/1/17 which will vest 50% 3/1/2018 and 50% 3/1/2019.
- [F10]Options are exercisable on the two year anniversary of the date of grant of 7/2/14.
- [F11]33 1/3% is first earned and exercisable on March 26, 2017 and 33 1/3% annually thereafter.
- [F2]Total includes a stock award of 5,725 shares awarded 2/28/17 with a grant date of 3/1/17 which will vest at the rate of 50% on 3/1/2018 and 50% on 3/1/2019.
- [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 date of grant.
- [F4]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.
- [F5]Total includes 90,362 shares of restricted stock granted 7/2/14 of which one-third vested on July 2, 2016 and the remainder will vest one-third in July 2017 and one-third in July 2018.
- [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]Restricted shares of stock awarded 2/28/17 with a grant date of 3/1/17 which will vest 100% 4/1/2018.
- [F8]Total includes a stock award of 8,588 awarded 2/28/17 with a grant date of 3/1/17 which will vest 100% on 4/1/2018.
- [F9]Various dates and prices.
Documents
Issuer
SUN BANCORP INC /NJ/
CIK 0001017793
Entity typeoperating
IncorporatedNJ
Related Parties
1- filerCIK 0001017793
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 7:27 PM ET
- Size
- 12.6 KB