4//SEC Filing
Xenith Bankshares, Inc. 4
Accession 0001209191-16-134579
CIK 0001442741operating
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 3:40 PM ET
Size
17.5 KB
Accession
0001209191-16-134579
Insider Transaction Report
Form 4
Phillips Edward H. Jr.
EVP and Chief Lending Officer
Transactions
- 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: $3.61Exp: 2022-02-22→ Common Stock (5,000 underlying) - Disposition to Issuer
Warrant
2016-07-29−3,480→ 0 totalExercise: $11.49Exp: 2019-05-07→ Common Stock (3,480 underlying) - Disposition to Issuer
Common Stock
2016-07-29−24,700→ 0 total - Disposition to Issuer
Option (Right to Buy)
2016-07-29−6,960→ 0 totalExercise: $4.15Exp: 2022-08-14→ Common Stock (6,960 underlying) - Disposition to Issuer
Option (Right to Buy)
2016-07-29−6,960→ 0 totalExercise: $11.49Exp: 2019-05-07→ Common Stock (6,960 underlying)
Footnotes (6)
- [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 shares of common stock were converted into 108,680 shares of New Xenith common stock having a market value of $2.05 per share pursuant to the terms of the Merger Agreement.
- [F2]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 30,624 shares of New Xenith common stock for $2.62 per share pursuant to the terms of the Merger Agreement.
- [F3]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.
- [F4]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 22,000 shares of New Xenith common stock for $0.83 per share pursuant to the terms of the Merger Agreement.
- [F5]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 30,624 shares of New Xenith common stock for $0.95 per share pursuant to the terms of the Merger Agreement.
- [F6]This warrant was converted into a warrant to purchase 15,312 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, 3:40 PM ET
- Size
- 17.5 KB