Paulette William A 4
4 · HAMPTON ROADS BANKSHARES INC · Filed Dec 31, 2012
Insider Transaction Report
Form 4
Paulette William A
Director
Transactions
- Award
Restricted Stock Units
2012-12-14+17,857→ 17,857 total→ Common Stock (17,857 underlying) - Award
Restricted Stock Units
2012-12-14+17,857→ 17,857 total→ Common Stock (17,857 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of HMPR common stock.
- [F2]The restricted stock units were granted for service on the Board of Directors for 2011 and are fully vested as of date of grant. The settlement date for vested shares is January 1, 2015.
- [F3]The restricted stock units were granted for service on the Board of Directors for 2012. They vest on the earlier of (i) the first anniversary of the Award Date, or (ii) the date of the Participant's death, Disability or a Change in Control, unless the Participant voluntarily resigns as a member of the Board of Directors of the Company (the "Board") or is removed for cause as a member of the Board prior to such date. The settlement date for vested shares is January 1, 2016.