-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BvTiyrSoJZ442Bob6cNCQFC2kPimgEJBFo9Hd3C2Fx+NUQk6rXFmN5l5MUB45ai9 bGbzHx+4wKCj2JOxReVFAQ== 0000946275-08-000162.txt : 20080207 0000946275-08-000162.hdr.sgml : 20080207 20080207144809 ACCESSION NUMBER: 0000946275-08-000162 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080207 DATE AS OF CHANGE: 20080207 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SUN BANCORP INC /NJ/ CENTRAL INDEX KEY: 0001017793 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 521382541 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-53335 FILM NUMBER: 08584780 BUSINESS ADDRESS: STREET 1: 226 LANDIS AVENUE CITY: VINELAND STATE: NJ ZIP: 08360 BUSINESS PHONE: 8566917700 MAIL ADDRESS: STREET 1: 226 LANDIS AVE CITY: VINELAND STATE: NJ ZIP: 08360 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BROWN BERNARD A CENTRAL INDEX KEY: 0001053934 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 226 LANDIS AVENUE CITY: VINELAND STATE: NJ ZIP: 08630 BUSINESS PHONE: 6096917700 MAIL ADDRESS: STREET 1: 226 LANDIS AVENUE CITY: VINELAND STATE: NJ ZIP: 08360 SC 13G/A 1 sc13gabbrown_123107-0079.txt BERNARD BROWN SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) (Amendment No. 10) SUN BANCORP, INC. ----------------- (Name of Issuer) Common Stock $1.00 Par Value Per Share -------------------------------------- (Title of Class of Securities) 86663B 10 2 ----------- (CUSIP Number) December 31, 2007 ----------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13d-1(b) |_| Rule 13d-1(c) |X| Rule 13d-1(d) - -------------------------------------------------------------------------------- CUSIP No. 86663B 10 2 13G Page 2 of 12 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Bernard A. Brown - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 1,315,545 Shares SHARES -------------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY 2,851,909 Shares OWNED BY -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER EACH 1,960,086 Shares REPORTING -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER PERSON WITH 2,851,909 Shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,811,995 Shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] N/A - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 21.52% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP No. 86663B 10 2 13G Page 3 of 12 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Shirley G. Brown - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF -- SHARES -------------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY 207,667 Shares OWNED BY -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER EACH -- REPORTING -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER PERSON WITH 207,667 Shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 207,667 Shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] N/A - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.96% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP No. 86663B 10 2 13G Page 4 of 12 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) # 21-0608702 Vineland Construction Company - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 1,242,779 Shares SHARES -------------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY -- OWNED BY -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER EACH 1,242,779 Shares REPORTING -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER PERSON WITH -- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,242,779 Shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] N/A - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.72% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP No. 86663B 10 2 13G Page 5 of 12 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) # 22-6083927 THE BROWN FOUNDATION - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 601,463 Shares SHARES -------------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY -- OWNED BY -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER EACH 601,463 Shares REPORTING -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER PERSON WITH -- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 601,463 Shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] N/A - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.77% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP No. 86663B 10 2 13G Page 6 of 12 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) SGBROWN 2007 GEAT - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF -- SHARES -------------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY 400,000 Shares OWNED BY -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER EACH -- REPORTING -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER PERSON WITH 400,000 Shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 400,000 Shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] N/A - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.84% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP No. 86663B 10 2 13G Page 7 of 12 Pages - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) BBROWN 2007 GRAT - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] N/A - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF -- SHARES -------------------------------------------------------- 6 SHARED VOTING POWER BENEFICIALLY 400,000 Shares OWNED BY -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER EACH -- REPORTING -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER PERSON WITH 400,000 Shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 400,000 Shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] N/A - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.84% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP No. 86663B 10 2 13G Page 8 of 12 Pages - -------------------------------------------------------------------------------- Item 1(a). Name of Issuer: - -------------------------- Sun Bancorp, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: - ----------------------------------------------------------- 226 Landis Avenue, Vineland, New Jersey 08360 Item 2(a). Name of Person Filing: - --------------------------------- Bernard A. Brown, Shirley G. Brown and Vineland Construction Company. Bernard and Shirley Brown are husband and wife, and each own 50 percent of Vineland Construction Company. The Brown Foundation is a private tax-exempt entity of which Mr. Brown is a Trustee and Fund Manager. The BBrown 2007 GRAT and the SGBrown 2007 GRAT are grantor retained annuity trusts. Item 2(b). Address of Principal Business Office or, if None, Residence: - ----------------------------------------------------------------------- 71 West Park Avenue, Vineland, New Jersey 08360 Item 2(c). Citizenship: - ----------------------- Mr. and Mrs. Brown are citizens of the United States. Vineland Construction Company is a New Jersey corporation. The Brown Foundation is a private, tax-exempt foundation registered in New Jersey. The BBrown 2007 GRAT and the SGBrown 2007 GRAT are grantor retained annuity trusts located in New Jersey. Item 2(d). Title of Class of Securities: - ---------------------------------------- Common Stock, $1.00 par value per share. Item 2(e). CUSIP Number: - ------------------------ 86663B 10 2 Item 3. - ------- Not Applicable. - -------------------------------------------------------------------------------- CUSIP No. 86663B 10 2 13G Page 9 of 12 Pages - -------------------------------------------------------------------------------- Item 4. Ownership: - ------------------ The following information relates to the reporting persons' ownership as of December 31, 2007. (a) Amount beneficially owned: Mr. Brown --------- 4,811,995 shares (1) Mrs. Brown ---------- 207,667 shares Vineland Construction Company ----------------------------- 1,242,779 shares The Brown Foundation -------------------- 601,463 shares SGBrown 2007 GRAT ----------------- 400,000 shares BBrown 2007 GRAT ---------------- 400,000 shares (b) Percent of Class: Mr. Brown --------- 21.52% - -------------------------------------------------------------------------------- CUSIP No. 86663B 10 2 13G Page 10 of 12 Pages - -------------------------------------------------------------------------------- Mrs. Brown ---------- 0.96% Vineland Construction Company ----------------------------- 5.72% The Brown Foundation -------------------- 2.77% SGBrown 2007 GRAT ----------------- 1.84% BBrown 2007 GRAT ---------------- 1.84% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote Mr. Brown --------- 1,315,545 shares Vineland Construction Company ----------------------------- 1,242,779 shares The Brown Foundation -------------------- 601,463 shares (ii) Shared power to vote or to direct the vote Mr. Brown --------- 2,851,909 shares (2) Mrs. Brown ---------- 207,667 shares - -------------------------------------------------------------------------------- CUSIP No. 86663B 10 2 13G Page 11 of 12 Pages - -------------------------------------------------------------------------------- SGBrown 2007 GRAT ----------------- 400,000 shares BBrown 2007 GRAT ---------------- 400,000 shares (iii) Sole power to dispose or to direct the disposition of Mr. Brown --------- 1,960,086 shares (3) The Brown Foundation -------------------- 601,463 shares Vineland Construction Company ----------------------------- 1,242,779 shares (iv) Shared power to dispose or to direct the disposition of Mr. Brown --------- 2,851,909 shares (2) Mrs. Brown ---------- 207,667 shares SGBrown 2007 GRAT ----------------- 400,000 shares BBrown 2007 GRAT ---------------- 400,000 shares (1) Includes shares held by Bernard A Brown, Shirley G. Brown, Vineland Construction Company, The Brown Foundation, SGBrown 2007 GRAT and BBrown 2007 GRAT. (2) Includes shares held by Shirley G. Brown, Vineland Construction Company, The Brown Foundation, SGBrown 2007 GRAT and BBrown 2007 GRAT. (3) Includes shares held by Bernard Brown and 644,541 shares underlying options which are exercisable within 60 days of December 31, 2007. - -------------------------------------------------------------------------------- CUSIP No. 86663B 10 2 13G Page 12 of 12 Pages - -------------------------------------------------------------------------------- Item 5. Ownership of Five Percent or Less of a Class: - ------------------------------------------------------ Not Applicable. Item 6. Ownership of More Than Five Percent on Behalf of Another Person: - ------------------------------------------------------------------------- Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the - -------------------------------------------------------------------------------- Security Being Reported on by the Parent Holding Company or Control ------------------------------------------------------------------- Person: ------- Not Applicable. Item 8. Identification and Classification of Members of the Group: - ------------------------------------------------------------------- Not Applicable. Item 9. Notice of Dissolution of Group: - ---------------------------------------- Not Applicable. Item 10. Certification: - ----------------------- Not Applicable. Exhibits - -------- 99.1 Joint Filing Agreement* * Incorporated by reference to identically numbered exhibit to the Schedule 13G filed by the parties on February 13, 1998. SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. Date: February 5, 2008 /s/Bernard A Brown ------------------------------- Bernard A. Brown -----END PRIVACY-ENHANCED MESSAGE-----