HAMPTON ROADS BANKSHARES INC 4
4 · HAMPTON ROADS BANKSHARES INC · Filed Jul 24, 2015
Insider Transaction Report
Form 4
RICHARDS DONNA W
Pres of Bank of Hampton Roads
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-07-22−8,321→ 28,175 total→ Common Stock (8,321 underlying) - Tax Payment
Common Stock
2015-07-22$1.96/sh−4,117$8,069→ 75,882 total - Exercise/Conversion
Common Stock
2015-07-22+8,321→ 79,999 total
Footnotes (2)
- [F1]Each restricted stock unit converts into one share of common stock.
- [F2]The restricted stock units vest as follows: one third each year commencing on the first anniversary of the June 27, 2013 award date; provided however that in the event that the executive compensation and corporate governance requirements of Section 111(b) of the Emergency Economic and Stabilization Act of 2008, as amended, (the "EESA") or the Written Agreement by and among the Issuer, The Bank of Hampton Roads, the Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions (the "Written Agreement") prohibit the vesting in accordance with this schedule, the restricted stock units will not vest until such time as permitted by EESA and the Written Agreement. Restricted stock will be issued to the reporting person within 30 days of vesting.