0001140361-11-041876.txt : 20110815 0001140361-11-041876.hdr.sgml : 20110815 20110815142656 ACCESSION NUMBER: 0001140361-11-041876 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110812 FILED AS OF DATE: 20110815 DATE AS OF CHANGE: 20110815 ISSUER: 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 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CROWL ROBERT B CENTRAL INDEX KEY: 0001287706 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20957 FILM NUMBER: 111035234 MAIL ADDRESS: STREET 1: 226 LANDIS AVENUE CITY: VINELAND STATE: NJ ZIP: 08360 4 1 doc1.xml FORM 4 X0304 4 2011-08-12 0 0001017793 SUN BANCORP INC /NJ/ SNBC 0001287706 CROWL ROBERT B 226 LANDIS AVENUE VINELAND NJ 08360 0 1 0 0 Executive Vice President & CFO Common Stock 2011-08-12 4 P 0 20000 2.73 A 26667 D Common Stock 10000 I Stock Plan 3/2010 Incentive Stock Option (right to buy) 3.51 2012-03-04 2020-03-04 Common Stock 10000 10000 D Incentive Stock Option (right to buy) 4.32 2012-03-01 2021-03-01 Common Stock 30000 30000 D Incentive Stock Option (right to buy) 4.73 2013-12-31 2021-03-02 Common Stock 152067 152067 D Shares shall be 100% earned and non-forfeitable as of the date that is four years from the effective date of such award. 25% is first earned and exercisable on March 4, 2012, and 25% annually thereafter. 20% is first earned and exercisable on March 1, 2012, and 20% 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. /s/ Robert B. Crowl 2011-08-15