HAMPTON ROADS BANKSHARES INC 4
4 · HAMPTON ROADS BANKSHARES INC · Filed Aug 25, 2015
Insider Transaction Report
Form 4
Mears W Thomas
President & CEO of Shore Bank
Transactions
- Exercise/Conversion
Common Stock
2015-08-22+47,662→ 48,538 total - Tax Payment
Common Stock
2015-08-22$1.79/sh−15,717$28,133→ 32,821 total - Exercise/Conversion
Restricted Stock Units
2015-08-22−47,662→ 142,984 total→ Common Stock (47,662 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- [F2]The restricted stock units will vest in four equal annual installments beginning on August 22, 2015. All restricted stock units will vest upon a change in control of the Issuer. Settlement of the restricted stock units will occur within 30 days of the date of vesting.