Filing Details

Accession Number:
0001140361-11-018477
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-03-24 16:11:00
Reporting Period:
2011-03-22
Filing Date:
2011-03-24
Accepted Time:
2011-03-24 16:11:00
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
1026610 Jr L Wilbur Ross 328 El Vedado Road
Palm Beach FL 33480
Yes No Yes No
1202045 Wl Ross & Co Llc 600 Lexington Avenue
New York NY 10022
No No Yes No
1414643 Wlr Recovery Fund Iv Lp 1166 Avenue Of The Americas
27Th Floor
New York NY 10036
No No Yes No
1429295 Wlr Recovery Associates Iv Llc 1166 Avenue Of The Americas
New York NY 10036
No No Yes No
1431790 Wl Ross Group, L.p. 1166 Avenue Of The Americas
New York NY 10036
No No Yes No
1431791 El Vedado, Llc 1166 Avenue Of The Americas
New York NY 10036
No No Yes No
1498175 Wlr Sbi Acquisitionco, Llc 1166 Avenue Of The Americas
27Th Floor
New York NY 10036
No No 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 6,186,114 $2.85 18,655,114 No 4 P Indirect See Footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnotes
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 239 Direct
Footnotes
  1. Shares of Common Stock are held directly by WLR SBI AcquisitionCo, LLC.
  2. Wilbur L. Ross, Jr. is the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of WLR Recovery Fund IV, L.P., which is the sole manager of WLR SBI AcquisitionCo, LLC, and WL Ross & Co. LLC is the investment manager of WL Ross Group, L.P. Accordingly, WLR Recovery Fund IV, L.P., WLR Recovery Associates IV LLC, WL Ross Group, L.P., El Vedado, LLC, Wilbur L. Ross, Jr. and WL Ross & Co. LLC may be deemed to share voting and dispositive power over the common stock held by WLR SBI AcquisitionCo, LLC.