4//SEC Filing
Xenith Bankshares, Inc. 4
Accession 0001209191-16-134573
CIK 0001442741operating
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 3:34 PM ET
Size
21.9 KB
Accession
0001209191-16-134573
Insider Transaction Report
Form 4
HANLEY PATRICK D
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2016-07-29−5,785→ 0 total→ Common Stock (5,785 underlying) - Disposition to Issuer
Option (Right to Buy)
2016-07-29−3,000→ 0 totalExercise: $4.50Exp: 2021-04-03→ Common Stock (3,000 underlying) - Disposition to Issuer
Option (Right to Buy)
2016-07-29−5,000→ 0 totalExercise: $3.52Exp: 2021-12-21→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2016-07-29−36,796→ 0 total - Exercise/Conversion
Common Stock
2016-07-29+11,745→ 36,796 total - Exercise/Conversion
Restricted Stock Units
2016-07-29−5,960→ 0 total→ Common Stock (5,960 underlying) - Disposition to Issuer
Option (Right to Buy)
2016-07-29−5,000→ 0 totalExercise: $11.49Exp: 2020-01-31→ Common Stock (5,000 underlying) - Disposition to Issuer
Option (Right to Buy)
2016-07-29−5,000→ 0 totalExercise: $4.64Exp: 2022-12-19→ Common Stock (5,000 underlying)
Footnotes (8)
- [F1]Pursuant to the Agreement and Plan of Reorganization, dated as of February 10, 2016 (the "Merger Agreement"), between Xenith Bankshares, Inc. ("Legacy Xenith") and Hampton Roads Bankshares, Inc., Legacy Xenith was merged with and into Xenith Bankshares, Inc. (previously, Hampton Roads Bankshares, Inc., "New Xenith"). These restricted stock units vested in 12 equal installments on the last day of each month ending on April 30, 2016. The Legacy Xenith shares became non-forfeitable upon vesting. The delivery of Legacy Xenith shares was accelerated at the effective time of the merger pursuant to the terms of the Merger Agreement.
- [F2]These restricted stock units vest in 12 equal installments on the last day of each month ending on April 30, 2017. These Legacy Xenith shares become non-forfeitable upon vesting. The vesting of unvested Legacy Xenith shares and delivery of Legacy Xenith shares were accelerated at the effective time of the merger pursuant to the terms of the Merger Agreement.
- [F3]Each restricted stock unit represented the contingent right to receive one share of common stock of Legacy Xenith.
- [F4]These shares of common stock were converted into 161,902 shares of New Xenith common stock having a market value of $2.05 per share pursuant to the terms of the Merger Agreement.
- [F5]These options were exercisable in three equal annual installments on February 1, 2011, February 1, 2012 and February 1, 2013 and were converted into options to purchase 22,000 shares of New Xenith common stock for $2.62 per share pursuant to the terms of the Merger Agreement.
- [F6]These options were exercisable in three equal annual installments on April 4, 2012, April 4, 2013, and April 4, 2014 and were converted into options to purchase 13,200 shares of New Xenith common stock for $1.03 per share pursuant to the terms of the Merger Agreement.
- [F7]These options were exercisable in three equal installments on December 22, 2012, December 22, 2013, and December 22, 2014 and were converted into options to purchase 22,000 shares of New Xenith common stock for $0.80 per share pursuant to the terms of the Merger Agreement.
- [F8]These options were exercisable in three equal installments on December 20, 2013, December 20, 2014, and December 20, 2015 and were converted into options to purchase 22,000 shares of New Xenith common stock for $1.06 per share pursuant to the terms of the Merger Agreement.
Documents
Issuer
Xenith Bankshares, Inc.
CIK 0001442741
Entity typeoperating
IncorporatedVA
Related Parties
1- filerCIK 0001442741
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 3:34 PM ET
- Size
- 21.9 KB