Home > Insider Trading > Filing (0001140361-10-038495)

Filing Details

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
1228876	R Sidney Brown	226 Landis Ave Vineland NJ 08360	Vice Chair/Treasurer/Secretary	Yes	Yes	No	No

Reported Non-Derivative Transactions

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	157,000	$4.00	538,660	No	4	P	Direct
Preferred Stock	Acquisiton	2010-09-22	1,872	$1,000.00	1,872	No	4	P	Direct
Common Stock	Acquisiton	2010-09-22	299,584	$1,000.00	349,156	No	4	P	Indirect	Four Bs Partnership
Preferred Stock	Acquisiton	2010-09-22	3,569	$1,000.00	3,569	No	4	P	Indirect	Four Bs Partnership
Common Stock	Acquisiton	2010-09-22	44,030	$4.00	54,072	No	4	P	Indirect	SRB Trust for Desc.
Preferred Stock	Acquisiton	2010-09-22	524	$1,000.00	524	No	4	P	Indirect	SRB Trust for Desc.
Common Stock	Acquisiton	2010-09-22	15,750	$4.00	163,177	No	4	P	Indirect	Sid & Sandy Brown Foundation
Preferred Stock	Acquisiton	2010-09-22	187	$1,000.00	187	No	4	P	Indirect	Sid & Sandy Brown Foundation
Common Stock	Acquisiton	2010-09-22	20,918	$4.00	20,918	No	4	P	Indirect	National Freight, Inc.
Preferred Stock	Acquisiton	2010-09-22	251	$1,000.00	251	No	4	P	Indirect	National Freight, Inc.
Common Stock	Acquisiton	2010-09-22	28,298	$4.00	28,298	No	4	P	Indirect	NFI Interactive Logistics, LLC
Preferred Stock	Acquisiton	2010-09-22	337	$1,000.00	337	No	4	P	Indirect	NFI Interactive Logistics, LLC
Common Stock	Acquisiton	2010-09-22	41,813	$4.00	41,813	No	4	P	Indirect	National Distribution Centers, L.P.
Preferred Stock	Acquisiton	2010-09-22	498	$1,000.00	498	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	Four Bs Partnership
No	4	P	Indirect	Four Bs Partnership
No	4	P	Indirect	SRB Trust for Desc.
No	4	P	Indirect	SRB Trust for Desc.
No	4	P	Indirect	Sid & Sandy Brown Foundation
No	4	P	Indirect	Sid & Sandy Brown Foundation
No	4	P	Indirect	National Freight, Inc.
No	4	P	Indirect	National Freight, Inc.
No	4	P	Indirect	NFI Interactive Logistics, LLC
No	4	P	Indirect	NFI Interactive Logistics, LLC
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	2,576	Indirect	2008 GRAT Sidney Brown
Common Stock	113,185	Indirect	2009 GRAT Sidney Brown
Common Stock	15	Indirect	401(k)
Common Stock	2,686	Indirect	IRA
Common Stock	22,330	Indirect	NFI Intl. Ltd.
Common Stock	10,000	Indirect	SRB Trust 3/15/2004
Common Stock	2,707	Indirect	Sandra Brown Trust
Common Stock	12,900	Indirect	Son - Jacob
Common Stock	21,303	Indirect	Son - Eric
Common Stock	27,147	Indirect	by Daughter
Common Stock	3,021	Indirect	by Spouse

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Incentive Stock Option (right to buy)	$5.23	2010-05-20	2015-05-20	19,120	19,120	Direct
Common Stock	Non-Qualified Stock Option (right to buy)	$4.75	2010-05-20	2020-05-20	27,917	27,917	Direct
Common Stock	Non-Qualified Stock Option (right to buy)	$8.09	2002-07-24	2012-01-24	162,516	162,516	Direct
Common Stock	Non-Qualified Stock Option (right to buy)	$8.09	2002-07-24	2012-02-02	36,935	36,935	Direct
Common Stock	Non-Qualified Stock Option	$10.76		2018-01-22	97,350	97,350	Direct
Common Stock	Non-Qualified Stock Option (right to buy)	$15.33	2007-05-08	2016-05-08	14,781	14,781	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2015-05-20	19,120	19,120	Direct
2020-05-20	27,917	27,917	Direct
2012-01-24	162,516	162,516	Direct
2012-02-02	36,935	36,935	Direct
2018-01-22	97,350	97,350	Direct
2016-05-08	14,781	14,781	Direct

Footnotes

Exercisable as of date of grant.
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.
First exercisable at the rate of 1/5 one year from the date of grant and 1/5 annually thereafter during such periods of continued service as a director.
Each Preferred Share, purchase price of $1,000, convertible into 250 shares of Common Stock, following shareholder approval of additional authorized shares.