Home > Insider Trading > Filing (0001140361-11-041351)

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
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	2011-08-10	122,434	$2.85	1,922,494	No	4	P	Direct
Common Stock	Acquisiton	2011-08-10	24,433	$2.85	1,265,839	No	4	P	Indirect	Four Bs Partnership
Common Stock	Acquisiton	2011-08-10	12,216	$2.85	183,243	No	4	P	Indirect	NFI Interact Logistic
Common Stock	Acquisiton	2011-08-10	20,400	$2.85	186,713	No	4	P	Indirect	Nat'l Distr. Centers
Common Stock	Acquisiton	2011-08-10	12,150	$2.85	95,818	No	4	P	Indirect	National Freight Inc.
Common Stock	Acquisiton	2011-08-10	12,216	$2.85	255,767	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	Four Bs Partnership
No	4	P	Indirect	NFI Interact Logistic
No	4	P	Indirect	Nat'l Distr. Centers
No	4	P	Indirect	National Freight Inc.
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	2,686	Indirect	IRA
Common Stock	22,330	Indirect	NFI Intl. Ltd.
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

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.
Exercisable as of date of grant.
25% is first earned and exercisable on September 24, 2010 and 25% annually thereafter.
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 1/5 one year from the date of grant and 1/5 annually thereafter during such periods of continued service as a director.