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SNBC Sun Bancorp, Inc.

24.50
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sun Bancorp, Inc. NASDAQ:SNBC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.50 17.70 24.60 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

02/07/2015 4:06pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

KRAMER ELI
2. Issuer Name and Ticker or Trading Symbol

SUN BANCORP INC /NJ/ [ SNBC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O SUN BANCORP, INC., 350 FELLOWSHIP ROAD, SUITE 101
3. Date of Earliest Transaction (MM/DD/YYYY)

6/30/2015
(Street)

MOUNT LAUREL, NJ 08054
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   6/30/2015     A    2515   A $19.25   33082   I   (1) Director Fee Deferred Plan  
Common Stock                  7543   D    
Common Stock                  5600   I   Brian Kramer Trust  
Common Stock                  13753   I   PEKMPP Pension Plan  
Common Stock                  5596   I   Tracy Kramer Trust  
Common Stock                  459   I   by Spouse  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy)   $19.9                      (2) 1/21/2020   Common Stock   2632     2632   D    
Non-Qualified Stock Option (right to buy)   $25.5                    9/24/2010   (3) 9/24/2020   Common Stock   9300     9300   D    
Non-Qualified Stock Option (right to buy)   $30.9                      (4) 1/15/2019   Common Stock   1582     1582   D    
Non-Qualified Stock Option (right to buy)   $53.8                      (5) 1/22/2018   Common Stock   1217     1217   D    

Explanation of Responses:
( 1)  Indirect Ownership/Director Fee Deferred Plan includes: Restricted Stock Award of 519 shares granted 6/30/15 which vest one year from the date of grant; Restricted Stock Award of 515 shares granted 12/31/14 which vest one year from the date of grant.
( 2)  First exercisable at the rate of one-fifth on the one-year anniversary of the Date of Grant and one-fifth annually thereafter during such periods of continued service as a Director of the Company.
( 3)  25% is first earned and exercisable on September 24, 2010 and 25% annually thereafter.
( 4)  First exercisable at the rate of one-third on the second anniversary of the date of grant and one-third annually thereafter during such periods of continued services as a Director.
( 5)  First exercisable at the rate of one-fifth one year from the date of grant and one-fifth annually thereafter during such periods of continued service as a Director.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
KRAMER ELI
C/O SUN BANCORP, INC.
350 FELLOWSHIP ROAD, SUITE 101
MOUNT LAUREL, NJ 08054
X



Signatures
/s/ Eli Kramer 7/1/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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