Filing Details

Accession Number:
0001140361-11-041876
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-08-15 14:26:56
Reporting Period:
2011-08-12
Filing Date:
2011-08-15
Accepted Time:
2011-08-15 14:26:56
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
1287706 B Robert Crowl 226 Landis Avenue
Vineland NJ 08360
Executive Vice President & Cfo 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 2011-08-12 20,000 $2.73 26,667 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 10,000 Indirect Stock Plan 3/2010
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) $3.51 2012-03-04 2020-03-04 10,000 10,000 Direct
Common Stock Incentive Stock Option (right to buy) $4.32 2012-03-01 2021-03-01 30,000 30,000 Direct
Common Stock Incentive Stock Option (right to buy) $4.73 2013-12-31 2021-03-02 152,067 152,067 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2020-03-04 10,000 10,000 Direct
2021-03-01 30,000 30,000 Direct
2021-03-02 152,067 152,067 Direct
Footnotes
  1. Shares shall be 100% earned and non-forfeitable as of the date that is four years from the effective date of such award.
  2. 25% is first earned and exercisable on March 4, 2012, and 25% annually thereafter.
  3. 20% is first earned and exercisable on March 1, 2012, and 20% annually thereafter.
  4. 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.