FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
SUN BANCORP INC /NJ/ [ SNBC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/28/2017 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 02/28/2017 | A | 6,679 | A | $0.00 | 29,617(1)(2)(3)(4) | D | |||
Common Stock | 02/28/2017 | A | V | 400.305 | A | (5) | 3,286.287 | I | 401 (k) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Incentive Stock Option (right to buy) | $21.6 | 03/01/2012(6) | 03/01/2021 | Common Stock | 4,000(6) | 4,000(6) | D | ||||||||
Incentive Stock Option (right to buy) | $17.7 | 12/17/2010(7) | 12/17/2019 | Common Stock | 4,411(7) | 4,411(7) | D | ||||||||
Incentive Stock Option (right to buy) | $17.7 | 12/17/2010(7) | 12/17/2019 | Common Stock | 1,590(7) | 1,590(7) | D | ||||||||
Incentive Stock Option (right to buy) | $14.25 | 03/01/2013(8) | 03/01/2022 | Common Stock | 1,907(8) | 1,907(8) | D | ||||||||
Non-Qualified Stock Option (right to buy) | $59.7 | 03/31/2009(7) | 03/31/2018 | Common Stock | 1,103(7) | 1,103(7) | D | ||||||||
Non-Qualified Stock Option (right to buy) | $21.08 | 03/01/2018(9) | 03/01/2026 | Common Stock | 8,478(9) | 8,478(9) | D | ||||||||
Non-Qualified Stock Option (right to buy) | $19.31 | 03/26/2017(10) | 03/26/2025 | Common Stock | 8,077(10) | 8,077(10) | D |
Explanation of Responses: |
1. Total includes 6679 shares of restricted stock awarded 2/28/17 with a grant date of 3/1/17 which vest 1670 on 3/1/18, 1670 on 3/1/19, 1669 on 3/1/20 and 1669 on 3/1/21 |
2. Total includes 6,931 shares of restricted stock awarded on 11/15/2012 which vest on 11/15/17. |
3. Total includes 1251 shares of restricted stock awarded on 3/3/14 which vests 417 shares on 3/3/17, 417 on 3/3/18 and 417 shares on 3/3/19. |
4. Total includes 2,491 shares of restricted stock awarded 3/1/16 which vests 622 on 3/1/18, 623 on 3/1/19, 623 on 3/1/20 and 623 on 3/1/21. |
5. Various dates and prices. |
6. 20% is first earned and exercisable on 3/1/12 and 20% annually thereafter. |
7. Options fully vested and exercisable. |
8. 20% is first earned and exercisable on 3/1/13 and 20% annually thereafter. |
9. 25% is first earned and exercisable on 3/1/18 and 25% annually thereafter. |
10. 25% is first earned and exercisable on 3/26/17 and 25% annually thereafter. |
Remarks: |
Michele B. Estep | 03/02/2017 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |