HAMPTON ROADS BANKSHARES INC 4
4 · HAMPTON ROADS BANKSHARES INC · Filed Jul 1, 2013
Insider Transaction Report
Form 4
JOHNSTON CHARLES M
Director
Transactions
- Award
Restricted Stock Units
2013-06-26+200,000→ 200,000 total→ Common Stock (200,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
- [F2]The restricted stock units were granted for service as Chairman of the Board of Directors for 2013. They vest on the latest of (i) the second anniversary of the award date, (ii) the date the Issuer is no longer subject to the executive compensation and corporate governance requirements of Section 111(b) of the Emergency Economic and Stabilization Act of 2008, as amended ("EESA") or (iii) the date the Issuer is no longer subject to the Written Agreement by and among The Bank of Hampton Roads, the Company, the Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions.