UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
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Under the Securities Exchange Act of 1934
(Amendment No. 2)
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Sun Bancorp, Inc.
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(Name of Issuer)
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Common Stock, par value $5.00 per share
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(Title of Class of Securities)
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86663B102
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(CUSIP Number)
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December 31, 2016
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(Date of Event Which Requires Filing of this Statement)
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1
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
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Maycomb Holdings II, LLC
27-2508972
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) [X]
(b) [ ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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262,362 *
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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262,362 *
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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262,362 *
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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[ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
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1.4% *
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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PN
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1
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
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Maycomb Holdings III, LLC
26-4437045
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) [X]
(b) [ ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
|
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
|
262,362 *
|
6
|
SHARED VOTING POWER
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0
|
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7
|
SOLE DISPOSITIVE POWER
|
262,362 *
|
|
8
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SHARED DISPOSITIVE POWER
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0
|
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
262,362 *
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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[ ]
|
|
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
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1.4% *
|
|
12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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PN
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1
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
|
||
Maycomb Holdings IV, LLC
27-2948920
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) [X]
(b) [ ]
|
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3
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SEC USE ONLY
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||
4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
|
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
262,363 *
|
6
|
SHARED VOTING POWER
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0
|
|
7
|
SOLE DISPOSITIVE POWER
|
262,363 *
|
|
8
|
SHARED DISPOSITIVE POWER
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0
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
262,363 *
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
[ ]
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
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1.4% *
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|
12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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PN
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Item 4.
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Ownership.
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The information requested hereunder is incorporated by reference to the cover pages to this Amendment No. 2 to Schedule 13G and to Item 2(a) of the Schedule 13G. Ownership percentages reported therein are calculated based on 18,897,000 shares of Common Stock outstanding as of November 4, 2016, as reported in the Issuer's Form 10-Q for the period ended September 30, 2016 filed with the Commission on November 8, 2016. The shares reported herein are directly beneficially owned by the Reporting Persons but may also be deemed to be indirectly beneficially owned by Siguler Guff Advisers, LLC, which is the investment adviser to the Reporting Persons and has voting and investment control over the securities of the Issuer held by the Reporting Persons.
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Item 5.
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Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that the Reporting Persons have ceased to be the beneficial owners of more than five percent of the Common Stock, check the following: [X]
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MAYCOMB HOLDINGS II, LLC
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By:
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Siguler Guff DOF II GP, LLC,
its Managing Member |
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By:
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/s/ Donald P. Spencer
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Name: Donald P. Spencer
Title: Managing Director
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MAYCOMB HOLDINGS III, LLC
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By:
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Siguler Guff DOF III GP, LLC,
its Managing Member |
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By:
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/s/ Donald P. Spencer
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Name: Donald P. Spencer
Title: Managing Director
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MAYCOMB HOLDINGS IV, LLC
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By:
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Siguler Guff DOF IV GP, LLC,
its Managing Member |
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By:
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/s/ Donald P. Spencer
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Name: Donald P. Spencer
Title: Managing Director
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