X0306 4 2017-02-28 false 0001017793 SUN BANCORP INC /NJ/ SNBC 0001381048 OBrien Thomas M C/O SUN BANCORP, INC. 350 FELLOWSHIP ROAD, SUITE 101 MOUNT LAUREL NJ 08054 true true false false President & CEO Common Stock 2017-02-28 4 A false 5725.00 0.00 A 243666.00 D Common Stock 2017-02-28 4 A false 8588.00 0.00 A 252254.00 D Common Stock 2017-02-28 5 A false E 423.586 A 951.737 I 401 (k) Non-Qualified Stock Option (right to buy) 20.45 2016-07-02 2024-07-02 Common Stock 100000.00 100000.00 D Non-Qualified Stock Option (right to buy) 19.31 2017-03-26 2025-03-26 Common Stock 63604.00 63604.00 D Restricted shares of stock awarded 2/28/17 with a grant date of 3/1/17 which will vest 50% 3/1/2018 and 50% 3/1/2019. Total includes a stock award of 5,725 shares awarded 2/28/17 with a grant date of 3/1/17 which will vest at the rate of 50% on 3/1/2018 and 50% on 3/1/2019. Total includes 25,132 shares of restricted stock granted 4/1/16 which will vest at the rate of one-third after 24 months, one-third after 36 months and one-third after 48 months from date of grant. Total includes 25,132 shares of restricted stock granted 4/1/16 which will vest at the rate of 50% on 6/30/17 and 50% on 6/30/18. Total includes 90,362 shares of restricted stock granted 7/2/14 of which one-third vested on July 2, 2016 and the remainder will vest one-third in July 2017 and one-third in July 2018. Total includes 9,574 shares of restricted stock granted 4/1/16 which will vest at the rate of 50% on 6/30/17 and 50% on 6/30/18. Restricted shares of stock awarded 2/28/17 with a grant date of 3/1/17 which will vest 100% 4/1/2018. Total includes a stock award of 8,588 awarded 2/28/17 with a grant date of 3/1/17 which will vest 100% on 4/1/2018. Various dates and prices. Options are exercisable on the two year anniversary of the date of grant of 7/2/14. 33 1/3% is first earned and exercisable on March 26, 2017 and 33 1/3% annually thereafter. Thomas M. O'Brien by Patricia M. Schaubeck as Power of Attorney 2017-03-02