4//SEC Filing
Xenith Bankshares, Inc. 4
Accession 0001209191-16-134584
CIK 0001442741operating
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 3:43 PM ET
Size
14.1 KB
Accession
0001209191-16-134584
Insider Transaction Report
Form 4
SNEAD THOMAS G JR
Director
Transactions
- Exercise/Conversion
Common Stock
2016-07-29+14,374→ 25,434 total - Disposition to Issuer
Common Stock
2016-07-29−25,434→ 0 total - Disposition to Issuer
Common Stock
2016-07-29−65,250→ 0 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Units
2016-07-29−7,024→ 0 total→ Common Stock (7,024 underlying) - Exercise/Conversion
Restricted Stock Units
2016-07-29−7,350→ 0 total→ Common Stock (7,350 underlying)
Footnotes (5)
- [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. The 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 Legacy Xenith common stock were held in the 2012 Generation Skipping Trust for which Mr. Snead serves as investment manager. These shares of Legacy Xenith common stock were converted into 287,100 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 shares of Legacy Xenith common stock were converted into 111,909 shares of New Xenith common stock having a market value of $2.05 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, 3:43 PM ET
- Size
- 14.1 KB