HAMPTON ROADS BANKSHARES INC 4
4 · HAMPTON ROADS BANKSHARES INC · Filed Aug 2, 2016
Insider Transaction Report
Form 4
RICHARDS DONNA W
Pres of Bank of Hampton Roads
Transactions
- Disposition to Issuer
Restricted Stock Units
2016-07-29−12,438→ 0 total→ Common Stock (12,438 underlying) - Award
Restricted Stock Units
2016-07-29+200,000→ 200,000 total→ Common Stock (200,000 underlying) - Disposition to Issuer
Common Stock
2016-07-29−60,000→ 206,114 total - Disposition to Issuer
Restricted Stock Units
2016-07-29−116,835→ 0 total→ Common Stock (116,835 underlying)
Footnotes (4)
- [F1]The restricted stock units were cancelled in exchange for a cash payment of $372,867.81 in connection with the merger between Hampton Roads Bankshares, Inc. and Xenith Bankshares, Inc., effective July 29, 2016.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- [F3]The restricted stock units will vest in four equal 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.
- [F4]The restricted stock units will vest one half at core system conversion and the other half on July 29, 2018.