Sec Form 4 Filing - FOUSS BRADLEY J @ SUN BANCORP INC /NJ/ - 2014-07-18

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
FOUSS BRADLEY J
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) X __ Other (specify below)
EVP/Wholesale Banking/of Sun National Bank
(Last) (First) (Middle)
350 FELLOWSHIP ROAD, SUITE 101
3. Date of Earliest Transaction (MM/DD/YY)
07/18/2014
(Street)
MOUNT LAUREL, NJ08054
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock 07/18/2014 J( 9 ) 8,547 A $ 3.96 15,277.6198 D
Common Stock 07/18/2014 F( 10 ) 2,564 D $ 3.96 12,713 D
Common Stock 07/18/2014( 5 ) A V 610.525 A 11,869.527 I 401(k)
Common Stock 106,271 I Stock Plan 11/15/12 ( 6 )
Common Stock 1,297 I By Spouse
Common Stock 07/18/2014 J( 9 ) 8,547 D $ 3.96 8,547 I Stock Plan 7/18/13 ( 7 )
Common Stock 11,012 I Stock Plan 3/3/14 ( 8 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy) $ 17.49 08/01/2006( 1 ) 08/01/2015 Common Stock 4,861 4,861 D
Incentive Stock Option (right to buy) $ 16.1 04/02/2008( 1 ) 04/02/2017 Common Stock 6,366 6,366 D
Incentive Stock Option (right to buy) $ 3.74 03/12/2011( 2 ) 03/12/2020 Common Stock 9,500 9,500 D
Incentive Stock Option (right to buy) $ 4.32 03/01/2012( 3 ) 03/01/2021 Common Stock 7,500 7,500 D
Incentive Stock Option (right to buy) $ 2.85 03/01/2013( 4 ) 03/01/2022 Common Stock 9,535 9,535 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FOUSS BRADLEY J
350 FELLOWSHIP ROAD, SUITE 101
MOUNT LAUREL, NJ08054
EVP/Wholesale Banking of Sun National Bank
Signatures
/s/ Bradley J. Fouss by POA Thomas R. Brugger 07/22/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Options fully vested and exercisable.
( 2 )20% is first earned and exercisable on March 12, 2011, and 20% annually thereafter.
( 3 )20% is first earned and exercisable on March 1, 2012, and 20% annually thereafter.
( 4 )20% is first earned and exercisable on March 1, 2013, and 20% annually thereafter.
( 5 )Various dates and prices.
( 6 )10% earned and non-forfeitable as of the date that is two years from the effective date of such award and 20% three years from the effective date, 30% four years from the effective date, and 40% five years from the effective date.
( 7 )50% is first earned and non-forfeitable as of the date that is one year from the effective date of such award and 50% two years from the effective date of such award.
( 8 )Stock Award shall vest equally over a 5-year period; 20% each year.
( 9 )Vesting of prior stock award.
( 10 )Shares withheld for tax withholding upon vesting of stock award.

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).
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