4//SEC Filing
Xenith Bankshares, Inc. 4
Accession 0001209191-16-134578
CIK 0001442741operating
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 3:39 PM ET
Size
21.6 KB
Accession
0001209191-16-134578
Insider Transaction Report
Form 4
Osgood Thomas W.
EVP, CFO, CAO & Treas
Transactions
- Disposition to Issuer
Option (Right to Buy)
2016-07-29−34,800→ 0 totalExercise: $11.49Exp: 2019-05-07→ Common Stock (34,800 underlying) - Disposition to Issuer
Option (Right to Buy)
2016-07-29−7,500→ 0 totalExercise: $3.61Exp: 2022-02-22→ Common Stock (7,500 underlying) - Disposition to Issuer
Warrant
2016-07-29−34,800→ 0 totalExercise: $11.49Exp: 2019-05-07→ Common Stock (34,800 underlying) - Disposition to Issuer
Common Stock
2016-07-29−93,834→ 0 total - Disposition to Issuer
Option (Right to Buy)
2016-07-29−34,800→ 0 totalExercise: $4.15Exp: 2022-08-14→ Common Stock (34,800 underlying) - Exercise/Conversion
Restricted Stock Units
2016-07-29−9,179→ 0 total→ Common Stock (9,179 underlying) - Exercise/Conversion
Common Stock
2016-07-29+9,179→ 93,834 total - Disposition to Issuer
Option (Right to Buy)
2016-07-29−5,000→ 0 totalExercise: $4.50Exp: 2021-04-03→ 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 immediately upon grant and 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]Each restricted stock unit represented the contingent right to receive one share of common stock of Legacy Xenith.
- [F3]These shares of common stock were converted into 412,869 shares of New Xenith common stock having a market value of $2.05 per share pursuant to the terms of the Merger Agreement.
- [F4]These options were exercisable in three equal annual installments on December 22, 2010, December 22, 2011 and December 22, 2012 and were converted into options to purchase 153,120 shares of New Xenith common stock for $2.62 per share pursuant to the terms of the Merger Agreement.
- [F5]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 22,000 shares of New Xenith common stock for $1.03 per share pursuant to the terms of the Merger Agreement.
- [F6]These options were exercisable in three equal installments on February 23, 2013, February 23, 2014 and February 23, 2015 and were converted into options to purchase 33,000 shares of New Xenith common stock for $0.83 per share pursuant to the terms of the Merger Agreement.
- [F7]These options were exercisable in three equal installments on August 14, 2013, August 14, 2014 and August 14, 2015 and were converted into options to purchase 153,120 shares of New Xenith common stock for $0.95 per share pursuant to the terms of the Merger Agreement.
- [F8]This warrant was converted into a warrant to purchase 153,120 shares of New Xenith common stock for $2.62 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, 3:39 PM ET
- Size
- 21.6 KB