X0303 4 2011-03-02 0 0001017793 SUN BANCORP INC /NJ/ SNBC 0001228894 DANSBURY ARTHUR B 226 LANDIS AVE VINELAND NJ 08360 0 1 0 0 Executive Vice President & COO Common Stock 12240 D Common Stock 13390 I 401(k) Common Stock 15753 I Stock Plan Common Stock 8686 I Stock Plan '09 Common Stock 17200 I Stock Plan 12-2009 Common Stock 2811 I by IRA Incentive Stock Option (right to buy) 3.54 2011-12-17 2019-12-17 Common Stock 28248 28248 D Incentive Stock Option (right to buy) 4.32 2012-03-01 2021-03-01 Common Stock 12500 12500 D Incentive Stock Option (right to buy) 4.73 2011-03-02 4 A 0 150790 0 A 2013-12-31 2021-03-02 Common Stock 150790 150790 D Incentive Stock Option (right to buy) 5.32 2002-04-02 2011-04-02 Common Stock 7755 7755 D Incentive Stock Option (right to buy) 8.09 2002-07-24 2012-01-24 Common Stock 56709 56709 D Incentive Stock Option (right to buy) 14.70 2008-07-19 2017-07-19 Common Stock 20413 20413 D Non-Qualified Stock Option (right to buy) 3.54 2011-12-17 2019-12-17 Common Stock 4752 4752 D Non-Qualified Stock Option (right to buy) 8.09 2002-07-24 2012-01-23 Common Stock 31932 31932 D Non-Qualified Stock Option (right to buy) 14.70 2008-07-19 2017-07-19 Common Stock 1635 1635 D 11,025 and 4,728 shares shall be 100% earned and non-forfeitable as of October 18, 2011 and March 20, 2012, respectively. Stock awards shall be 100% earned and non-forfeitable as of February 19, 2013, provided, however, such awards shall not be deemed vested prior to such time that is permissible in accordance with Section 111(b) of the Emergency Economic Stabilization Act of 2008 (12 USC 5221), as amended, and regulations promulgated thereunder. Shares shall be 100% earned and non-forfeitable as of the date that is 2 years from December 17, 2009. All options are first exercisable as of the date that is 2 years from December 17, 2009. 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. First exercisable at the rate of 20% as of 6 mos from the date of grant and 20% on each of the next 4 anniversaries of the first vesting event. First exercisable at the rate of 33 1/3% as of one year from the date of grant and 33 1/3% on each of the next 2 anniversaries of the first vesting event. 494 options are first exercisble as of one year from the date of grant and 495 options on each of the next 2 anniversaries of the first vesting event. /s/ Arthur B. Dansbury by Robert B. Crowl, POA 2011-03-04