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
                                                                                  
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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 *

MORRIS ANTHONY J
2. Issuer Name and Ticker or Trading Symbol

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

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

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

12/19/2017
(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   12/19/2017     F    4551.00   (1) D $25.30   8612.00   (2) D    
Common Stock   12/19/2017     A   V 0.202   A   (3) 527.324   I   401 (k)  

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
Incentive Stock Option (right to buy)   $18.73                    11/20/2016   (4) 11/20/2024   Common Stock   1000.00   (4)   1000.00   (4) D    
Non-Qualified Stock Option (right to buy)   $21.08                    12/19/2017   (5) 3/1/2026   Common Stock   10497.00   (5)   10497.00   (5) D    

Explanation of Responses:
(1)  Shares withheld for tax withholding upon vesting of 12,217 shares of restricted stock granted on various dates.
(2)  Total includes the shares of restricted stock, net of taxes, that vested on December 19, 2017 in accordance with the terms of the Sun Bancorp, Inc. 2010 Stock Based Incentive Plan and the Sun Bancorp, Inc. 2015 Omnibus Stock Incentive Plan.
(3)  Various dates and prices.
(4)  25% is first earned and exercisable on 11/20/16 and 25% annually thereafter.
(5)  25% is first earned and exercisable on 12/19/2017. The remainder is earned and exercisable 25% on each of 3/1/19, 3/1/20 and 3/1/21.

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


EVP/Chief Banking Officer

Signatures
Anthony J. Morris 12/20/2017
** 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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