Filing Details
- Accession Number:
- 0001140361-11-018225
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-03-23 13:16:28
- Reporting Period:
- 2011-03-22
- Filing Date:
- 2011-03-23
- Accepted Time:
- 2011-03-23 13:16:28
- 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 |
|---|---|---|---|---|---|---|---|
| 1053934 | A Bernard Brown | 226 Landis Avenue Vineland NJ 08360 | Chairman Of The Board | Yes | Yes | Yes | 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 | 701,754 | $2.85 | 3,929,714 | 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 | 663,112 | Indirect | Brown Foundation |
| Common Stock | 1,064 | Indirect | National Distribution Centers, L.P. |
| Common Stock | 20,625 | Indirect | Stock Plan 9/24/10 |
| Common Stock | 1,416,362 | Indirect | Vineland Construction |
| Common Stock | 669,952 | 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 | 208,032 | 208,032 | Direct |
| Common Stock | Non-Qualfied Stock Option (right to buy) | $5.10 | 2010-09-24 | 2020-09-24 | 113,600 | 113,600 | Direct |
| Common Stock | Non-Qualified Stock Options (right to buy) | $8.09 | 2002-07-24 | 2012-02-02 | 258,552 | 258,552 | Direct |
| Common Stock | Non-Qualified Stock Options (right to buy) | $15.33 | 2007-05-08 | 2016-05-08 | 29,564 | 29,564 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2021-03-02 | 208,032 | 208,032 | Direct |
| 2020-09-24 | 113,600 | 113,600 | Direct |
| 2012-02-02 | 258,552 | 258,552 | Direct |
| 2016-05-08 | 29,564 | 29,564 | Direct |
Footnotes
- 25% first earned and non-forfeitable on September 24, 2010 and 25% 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.
- 25% is first earned and exercisable on September 24, 2010 and 25% annually thereafter.
- 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.
Billionaire Hedge Funds
