SEC FORM 4

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^*

BRUGGER THOMAS R

(Last)

(First)

(Middle)

C/O SUN BANCORP, INC.

350 FELLOWSHIP ROAD, SUITE 101

(Street)

MOUNT LAUREL

08054

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP/Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2016

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								14,936⁽¹⁾⁽²⁾	D
Common Stock	03/01/2016		A		3,083⁽³⁾	A	$0.00	18,019⁽¹⁾⁽²⁾⁽³⁾	D
Common Stock	03/03/2016		F		236⁽⁴⁾	D	$21.14	17,783⁽¹⁾⁽²⁾⁽³⁾	D
Common Stock	03/03/2016		A	V	528.151	A	⁽⁵⁾	823.482	I	401 (k)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$21.08	03/01/2016		A		10,497⁽⁶⁾		03/01/2018⁽⁶⁾	03/01/2026	Common Stock	10,497⁽⁶⁾	$21.08	10,497⁽⁶⁾	D
Incentive Stock Option (right to buy)	$15.15							11/15/2014⁽⁷⁾	11/15/2022	Common Stock	4,000⁽⁷⁾		4,000⁽⁷⁾	D
Non-Qualified Stock Option (right to buy)	$19.31							03/26/2017⁽⁸⁾	03/26/2025	Common Stock	8,077⁽⁸⁾		8,077⁽⁸⁾	D

Explanation of Responses:

1. Total includes 2000 shares of restricted stock granted on 2/20/14 which vests 1,000 shares on 11/15/16, 1000 shares on 11/15/17.

2. Total includes 1,787 shares of restricted stock granted on 3/3/14 which vests 596 shares on 3/3/17, 595 shares on 3/3/18 and 596 shares on 3/3/19.

3. Total includes 3,083 shares of Restricted Stock granted 3/1/16 which vests 770 shares on 3/1/18, 771 shares on 3/1/19, 771 shares on 3/1/20 and 771 shares on 3/1/21.

4. Shares withheld for tax withholding upon vesting of 595 shares of restricted stock granted 2/20/14.

5. Various dates and prices.

6. 25% is first earned and exercisable on 3/1/18 and 25% annually thereafter.

7. Stock option shall be first exercisable at the rate of one-fourth on the second anniversary of the date of grant and one-fourth annually thereafter; provided that the recipient is then an employee of the Bank.

8. 25% is first earned and exercisable on 3/26/17 and 25% annually thereafter.

Remarks:

	Thomas R. Brugger by Patricia M. Schaubeck as Power of Attorney	03/03/2016
	** 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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