Home > Insider Trading > Filing (0001140361-11-018213)

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
1228894	B Arthur Dansbury	226 Landis Ave Vineland NJ 08360	Executive Vice President & Coo	No	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	667	$3.00	12,907	No	4	P	Direct
Common Stock	Acquisiton	2011-03-22	123	$0.00	13,513	No	5	A	Indirect	401(k)

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	5	A	Indirect	401(k)

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	15,753	Indirect	Stock Plan
Common Stock	8,686	Indirect	Stock Plan '09
Common Stock	17,200	Indirect	Stock Plan 12-2009
Common Stock	2,811	Indirect	by IRA

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)	$3.54	2011-12-17	2019-12-17	28,248	28,248	Direct
Common Stock	Incentive Stock Option (right to buy)	$4.32	2012-03-01	2021-03-01	12,500	12,500	Direct
Common Stock	Incentive Stock Option (right to buy)	$4.73	2013-12-31	2021-03-02	150,790	150,790	Direct
Common Stock	Incentive Stock Option (right to buy)	$5.32	2002-04-02	2011-04-02	7,755	7,755	Direct
Common Stock	Incentive Stock Option (right to buy)	$8.09	2002-07-24	2012-01-24	56,709	56,709	Direct
Common Stock	Incentive Stock Option (right to buy)	$14.70	2008-07-19	2017-07-19	20,413	20,413	Direct
Common Stock	Non-Qualified Stock Option (right to buy)	$3.54	2011-12-17	2019-12-17	4,752	4,752	Direct
Common Stock	Non-Qualified Stock Option (right to buy)	$8.09	2002-07-24	2012-01-23	31,932	31,932	Direct
Common Stock	Non-Qualified Stock Option (right to buy)	$14.70	2008-07-19	2017-07-19	1,635	1,635	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2019-12-17	28,248	28,248	Direct
2021-03-01	12,500	12,500	Direct
2021-03-02	150,790	150,790	Direct
2011-04-02	7,755	7,755	Direct
2012-01-24	56,709	56,709	Direct
2017-07-19	20,413	20,413	Direct
2019-12-17	4,752	4,752	Direct
2012-01-23	31,932	31,932	Direct
2017-07-19	1,635	1,635	Direct

Footnotes

11,025 and 4,728 shares shall be 100% earned and non-forfeitable as of October 18, 2011 and March 20, 2012, respectively.
Stock awards shall be 100% earned and non-forfeitable as of February 19, 2013, provided, however, such awards shall not be deemed vested prior to such time that is permissible in accordance with Section 111(b) of the Emergency Economic Stabilization Act of 2008 (12 USC 5221), as amended, and regulations promulgated thereunder.
Shares shall be 100% earned and non-forfeitable as of the date that is 2 years from December 17, 2009.
All options are first exercisable as of the date that is 2 years from December 17, 2009.
20% is first earned and exercisable on March 1, 2012, and 20% annually thereafter.
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.
First exercisable at the rate of 20% as of 6 mos 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 33 1/3% as of one year from the date of grant and 33 1/3% on each of the next 2 anniversaries of the first vesting event.
494 options are first exercisble as of one year from the date of grant and 495 options on each of the next 2 anniversaries of the first vesting event.
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