Filing Details

Accession Number:
0001140361-11-018206
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-03-23 12:49:32
Reporting Period:
2011-03-22
Filing Date:
2011-03-23
Accepted Time:
2011-03-23 12:49:32
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
1423035 X Thomas Geisel 226 Landis Avenue
Vineland NJ 08360
President & Ceo 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 2011-03-22 125 $0.00 3,215 No 5 A Indirect 401(k)
Common Stock Acquisiton 2011-03-22 8,333 $3.00 29,333 No 4 P Indirect IRA
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 A Indirect 401(k)
No 4 P Indirect IRA
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 21,568 Direct
Common Stock 21,022 Indirect Stock Plan
Common Stock 35,000 Indirect Stock Plan 1/21/2010
Common Stock 20,625 Indirect Stock Plan 9/24/10
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) $4.73 2013-12-31 2021-03-02 321,037 321,037 Direct
Common Stock Incentive Stock Option (right to buy) $11.90 2010-01-07 2018-01-07 33,634 33,634 Direct
Common Stock Non-Qualified Stock Option (right to buy) $3.98 2020-01-21 75,000 75,000 Direct
Common Stock Non-Qualified Stock Option (right to buy) $5.10 2010-09-24 2020-09-24 113,600 113,600 Direct
Common Stock Non-Qualified Stock Option (right to buy) $11.90 2010-01-07 2018-01-07 170,326 170,326 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2021-03-02 321,037 321,037 Direct
2018-01-07 33,634 33,634 Direct
2020-01-21 75,000 75,000 Direct
2020-09-24 113,600 113,600 Direct
2018-01-07 170,326 170,326 Direct
Footnotes
  1. Shares shall be 100% earned and non-forfeitable as of the date that is two years from the effective date of such award.
  2. 25% first earned and non-forfeitable on September 24, 2010 and 25% annually thereafter.
  3. Awarded and administered as per the approved 2010 Performance Equity Plan. Maximum options that become earned and exercisable if Board established long-term performance objectives are achieved by 12/31/2013.
  4. 25% is first earned and exercisable on 1/7/2010, and 25% annually, thereafter.
  5. Stock Option shall be 100% earned and exercisable as of the date that is two years from the effective date of such award.
  6. 25% is first earned and exercisable on September 24, 2010 and 25% annually, thereafter.
  7. Various