Xenith Bankshares, Inc. 4
4 · Xenith Bankshares, Inc. · Filed Mar 17, 2017
Insider Transaction Report
Form 4
Phillips Edward H. Jr.
EVP & Co-Head of Comm. Banking
Transactions
- Award
Restricted Stock Units
2017-03-15+267→ 267 total→ Common Stock (267 underlying) - Award
Common Stock
2017-03-15+808→ 14,023 total
Holdings
- 3,828(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]The amount of securities beneficially owned reflects a 1-for-10 reverse stock split effective December 13, 2016.
- [F2]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Xenith Bankshares, Inc. (the "Company") common stock.
- [F3]The RSUs vest immediately and the shares become non-forfeitable upon vesting. The shares of Company common stock will be delivered to the reporting person on the earliest occur of (i) a changes in control of the Company, (ii) the reporting person's death or (iii) March 15, 2019.
- [F4]The reporting person is not the trustee of this trust and is the one-half contingent remainderman of this trust that owns shares of Company common stock.