SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BROWN JEFFREY S

(Last) (First) (Middle)
226 LANDIS AVE

(Street)
VINELAND NJ 08360

(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2011
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 08/10/2011 P 68,710 A $2.85 714,959 D
Common Stock 116,420 I 2009 GRAT Jeff Brown
Common Stock 24,161 I Daughter Nicole
Common Stock 08/10/2011 P 24,433 A $2.85 1,265,589 I Four Bs Partnership
Common Stock 51,716 I Jeff & Tracey Brn Fdn
Common Stock 08/10/2011 P 12,216 A $2.85 193,992 I Jeff Brown Agt Trust
Common Stock 08/10/2011 P 12,216 A $2.85 182,992 I NFI InteractLogistic
Common Stock 22,332 I NFI Intl. Ltd.
Common Stock 08/10/2011 P 20,400 A $2.85 186,461 I Nat'l Distr. Centers
Common Stock 08/10/2011 P 12,150 A $2.85 95,316 I National Freight, Inc.
Common Stock 20,910 I Son-Joshua
Common Stock 8,025 I Son-Steven G. Brown
Common Stock 1,875 I Stock Plan 9/24/10 (1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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) $5.1 09/24/2010 (2) 09/24/2020 Common Stock 15,500 15,500 D
Non-Qualified Stock Option (right to buy) $8.09 01/24/2002 01/24/2012 Common Stock 4,429 4,429 D
Explanation of Responses:
1. 25% first earned and non-forfeitable on September 24, 2010 and 25% annually thereafter.
2. 25% is first earned and exercisable on September 24, 2010 and 25% annually thereafter.
Remarks:
/s/ Jeffrey S. Brown 08/10/2011
** 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).
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