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Home > Insider Trading > Filing (0001140361-10-038483)

Filing Details

Accession Number:: 0001140361-10-038483
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-09-24 14:20:00
Reporting Period:: 2010-09-22

Filing Date:: 2010-09-24
Accepted Time:: 2010-09-24 14:20:00
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1017793	Sun Bancorp Inc	SNBC	Commercial Banks, Nec (6029)	521382541

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1053934	A Bernard Brown	226 Landis Avenue Vineland NJ 08630	Chairman Of The Board	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-09-22	314,250	$4.00	2,342,494	No	4	P	Direct
Preferred Stock	Acquisiton	2010-09-22	3,743	$1,000.00	3,743	No	4	P	Direct
Common Stock	Acquisiton	2010-09-22	314	$4.00	314	No	4	P	Indirect	National Distribution Centers, L.P.
Preferred Stock	Acquisiton	2010-09-22	3	$1,000.00	3	No	4	P	Indirect	National Distribution Centers, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct
No	4	P	Indirect	National Distribution Centers, L.P.
No	4	P	Indirect	National Distribution Centers, L.P.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	663,112	Indirect	Brown Foundation
Common Stock	1,416,362	Indirect	Vineland Construction
Common Stock	669,952	Indirect	by Spouse

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Non-Qualified Stock Options (right to buy)	$8.09	2002-07-24	2012-02-02	258,552	258,552	Direct
Common Stock	Non-Qualified Stock Options (right to buy)	$15.33	2007-05-08	2016-05-08	29,564	29,564	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2012-02-02	258,552	258,552	Direct
2016-05-08	29,564	29,564	Direct

Footnotes

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.
Each Preferred Share, purchase price of $1,000, convertible into 250 shares of Common Stock, following shareholder approval of additional authorized shares.