Sec Form 4 Filing - BROWN SIDNEY R @ SUN BANCORP INC /NJ/ - 2015-12-31

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
BROWN SIDNEY R
2. Issuer Name and Ticker or Trading Symbol
SUN BANCORP INC /NJ/ [ SNBC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O SUN BANCORP, INC., 350 FELLOWSHIP ROAD, SUITE 101
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2015
(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 12/31/2015 A 3,134 A $ 20.64 494,332 D ( 1 )
Common Stock 6,630 I by Daughter
Common Stock 605 I by Spouse
Common Stock 253,168 I Four Bs Partnership
Common Stock 37,343 I Nat'l Distr. Centers
Common Stock 19,164 I National Freight Inc.
Common Stock 36,649 I NFI Interact Logistic
Common Stock 4,466 I NFI Intl. Ltd.
Common Stock 542 I Sandra Brw Trust
Common Stock 51,013 I Sid & Sandy Brw Fdn.
Common Stock 5,461 I Son - Eric
Common Stock 3,780 I Son - Jacob
Common Stock 2,000 I SRB Trust 3/15/2004
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) $ 26.15 05/20/2010( 2 ) 05/20/2015 Common Stock 3,824 3,824 D
Non-Qualified Stock Option (right to buy) $ 76.65 05/08/2007 05/08/2016 Common Stock 2,957 2,957 D
Non-Qualified Stock Option (right to buy) $ 53.8 ( 3 ) 01/22/2018 Common Stock 19,470 19,470 D
Non-Qualified Stock Option (right to buy) $ 25.5 09/24/2010( 4 ) 09/24/2020 Common Stock 22,720 22,720 D
Non-Qualified Stock Option (right to buy) $ 23.75 05/20/2010( 4 ) 05/20/2020 Common Stock 5,584 5,584 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BROWN SIDNEY R
C/O SUN BANCORP, INC.
350 FELLOWSHIP ROAD, SUITE 101
MOUNT LAUREL, NJ08054
X
Signatures
/s/ Sidney R. Brown 01/05/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes the following Restricted Stock Awards which vest 12/31/15: Restricted Stock Award of 770 shares granted 12/31/13; Restricted Stock Award of 854 shares granted 1/31/14; Restricted Stock Award of 779 shares granted 2/28/14; Restricted Stock Award of 807 shares granted 3/31/14; Restricted Stock Award of 713 shares granted 4/30/14; Restricted Stock Award of 718 shares granted 5/30/14; Restricted Stock Award of 675 shares granted 6/30/14.
( 2 )Exercisable as of date of grant.
( 3 )First exercisable at the rate of 1/5 one year from the date of grant and 1/5 annually thereafter during such period of continued service as a Director.
( 4 )25% is first earned and exercisable on September 24, 2010 and 25% annually thereafter.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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