Filing Details

Accession Number:
0001140361-11-021763
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-04-12 14:23:07
Reporting Period:
2011-04-11
Filing Date:
2011-04-12
Accepted Time:
2011-04-12 14:23:07
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
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 2011-04-11 78,947 $2.85 1,797,682 No 4 P Direct
Common Stock Acquisiton 2011-04-11 58,479 $2.85 171,027 No 4 P Indirect NFI Interact Logistic
Common Stock Acquisiton 2011-04-11 58,479 $2.85 243,551 No 4 P Indirect SRB Trst for Desc
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Indirect NFI Interact Logistic
No 4 P Indirect SRB Trst for Desc
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 2,576 Indirect 2008 GRAT Sid Brown
Common Stock 113,185 Indirect 2009 GRAT Sid Brown
Common Stock 15 Indirect 401(k)
Common Stock 1,241,406 Indirect Four Bs Partnership
Common Stock 2,686 Indirect IRA
Common Stock 22,330 Indirect NFI Intl. Ltd.
Common Stock 166,313 Indirect Nat'l Distr. Centers
Common Stock 83,668 Indirect National Freight Inc.
Common Stock 10,000 Indirect SRB Trust 3/15/2004
Common Stock 2,707 Indirect Sandra Brw Trust
Common Stock 209,927 Indirect Sid & Sandy Brw Fdn.
Common Stock 27,303 Indirect Son - Eric
Common Stock 18,900 Indirect Son - Jacob
Common Stock 20,625 Indirect Stock Plan 9/24/10
Common Stock 33,147 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) $4.73 2013-12-31 2021-03-02 104,016 104,016 Direct
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) $5.10 2010-09-24 2020-09-24 113,600 113,600 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 (right to buy) $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
2021-03-02 104,016 104,016 Direct
2015-05-20 19,120 19,120 Direct
2020-05-20 27,917 27,917 Direct
2020-09-24 113,600 113,600 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
  1. 25% first earned and non-forfeitable on September 24, 2010 and 25% annually thereafter.
  2. 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.
  3. Exercisable as of date of grant.
  4. 25% is first earned and exercisable on September 24, 2010 and 25% annually thereafter.
  5. 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.
  6. 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.