LEAR 45 FLT CREW HAS AN ALTDEV DURING THE TEB5 DEP.

Narrative

THIS RPT CONCERNS A SID INVOLVING AN ALT DEV. THE EVENT DESCRIBED WAS DURING A CFR 91 FLT FROM TEB. UPON TKOF FROM TEB (RWY 24); I MISINTERPED A PUBLISHED SID (TEB 5 DEP) BY FLYING AN ALT HIGHER THAN PUBLISHED IN RELATION TO A DME OFF TEB VOR. THE PROC STATES THAT TAKING OFF FROM RWY 24 (FOR DME EQUIPPED ACFT) TO CLB ON RWY HDG UNTIL REACHING 1500 FT; THEN TURN R HDG 280 DEGS. MAINTAIN 1500 FT UNTIL PASSING 4.5 DME TEB; THEN CLB AND MAINTAIN 2000 FT. I DID MAINTAIN RWY HDG UNTIL REACHING 1500 FT; THEN I TURNED R HDG 280 DEGS; FOLLOWED BY A CLB TO 2000 FT BEFORE REACHING 4.5 DME TEB. BEFORE CLRED TO TKOF ON RWY 24; THE CTL TWR ADVISED TFC; AN AIRSHIP AT 1500 FT (I DON'T REMEMBER WHAT HIS DISTANCE WAS IN RELATION TO OUR DEP END OF RWY 24). I MAINTAINED THE VISUAL WITH THE AIRSHIP ON TKOF CLB (AND ADVISED THE PNF TO MAINTAIN VISUAL WITH THE AIRSHIP ALSO); BUT I WANTED TO CLB TO 2000 FT AS SOON AS I COULD TO MAKE SURE THAT I WOULD BE CLR OF IT. THIS IS ONE FACTOR THAT CONTRIBUTED/DISTR ME FROM SCANNING MY ALT; MISTAKENLY CLBING TO 2000 FT BEFORE REACHING 4.5 DME TEB. REVIEWING THE SID PROC RIGHT AFTER THE TURN TO A HDG OF 280 DEGS; THE PNF ADVISED ME OFF MY ALTDEV. THINGS WERE HAPPENING QUICKLY AS USUAL WHEN FLYING A TURBINE PWRED ACFT IN A CONGESTED AIRSPACE. WHEN I DISCOVERED MY MISTAKE; WE WERE SWITCHING FREQS TO NEW YORK DEP CTL FREQ. DEP CTLR IMMEDIATELY ADVISED US OF THE MISTAKENLY FLOWN ALT AND REMINDED US TO BE MORE CAUTIOUS/CAREFUL REGARDING COMPLYING WITH THE DEP PROCS. WE AGREED WITH THE CTLR AND APOLOGIZED FOR THE MISTAKE. AT THAT POINT; I COULD NOT BELIEVE THAT I HAD BUSTED A SID CLRNC ALT BY MISTAKE; DUE TO THE FACT THAT I STRIVE FOR EXCELLENCE AS FAR AS BEING THE SAFEST PROFESSIONAL PLT/CFI I CAN POSSIBLY BE -- EFFICIENTLY AND PROFICIENTLY.