4//SEC Filing
HAMPTON ROADS BANKSHARES INC 4
Accession 0001140361-16-074379
CIK 0001143155operating
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 3:05 PM ET
Size
11.7 KB
Accession
0001140361-16-074379
Insider Transaction Report
Form 4
MAJIKES LINDA
SVP and Director of HR
Transactions
- Tax Payment
Common Stock
2016-07-29−7,131→ 132,705 total - Award
Common Stock
2016-07-29+139,836→ 139,836 total - Award
Option (right to buy)
2016-07-29+13,200→ 13,200 totalExercise: $1.03Exp: 2021-04-03→ Common Stock (13,200 underlying) - Award
Option (right to buy)
2016-07-29+8,800→ 8,800 totalExercise: $0.83Exp: 2022-02-22→ Common Stock (8,800 underlying)
Footnotes (4)
- [F1]Received in exchange for 31,781 shares of Xenith Bankshares, Inc. ("Legacy Xenith") pursuant to the terms of the Agreement and Plan of Reorganization, dated as of February 10, 2016 (the "Merger Agreement"), between Legacy Xenith and Hampton Roads Bankshares, Inc., Legacy Xenith was merged with and into Xenith Bankshares, Inc. (previously, Hampton Roads Bankshares, Inc., "New Xenith"). On the effective date of the merger, the closing price of Legacy Xenith's common stock was $8.90 per share, and the closing price of New Xenith's common stock was $2.05 per share.
- [F2]For purposes of determining the holder's tax liability, the closing price of Legacy Xenith's common stock on the day prior to the effective date of the merger, or $8.67 per share, was used. For purposes of withholding shares of New Xenith to satisfy the tax liability, the average of the closing-sale prices of Hampton Roads Bankshares, Inc.'s common stock on the NASDAQ Global Select Market as reported by The Wall Street Journal for the five full trading days ending on the day preceding the effective date of the merger, or $1.958 per share, was used.
- [F3]These options were converted from options to purchase 3,000 shares of Legacy Xenith common stock for $4.50 per share pursuant to the terms of the Merger Agreement and were fully exercisable.
- [F4]These options were converted from options to purchase 2,000 shares of Legacy Xenith common stock for $3.61 per share pursuant to the terms of the Merger Agreement and were fully exercisable.
Documents
Issuer
HAMPTON ROADS BANKSHARES INC
CIK 0001143155
Entity typeoperating
IncorporatedVA
Related Parties
1- filerCIK 0001143155
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 3:05 PM ET
- Size
- 11.7 KB