Layfield T. Gaylon 4
4 · Xenith Bankshares, Inc. · Filed Aug 2, 2017
Insider Transaction Report
Form 4
Layfield T. Gaylon
DirectorChief Executive Officer
Transactions
- Award
Common Stock
[F1]2017-07-31+3,903→ 100,257 total - Tax Payment
Common Stock
[F2]2017-07-31−1,292→ 98,965 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2017-07-31−3,903→ 7,804 total→ Common Stock (3,903 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the contingent right to receive one share of XBKS common stock.
- [F2]For the purposes of determining the holder's tax liability, the closing price of XBKS common stock on the day prior to the effective date of the vesting, or $27.97 was used.
- [F3]The RSUs vest in three annual installments of 33.34% on July 29, 2017, and 33.33% on July 29, 2018 and July 29, 2019. Settlement occurs within 30 days of vesting.
Signature
/s/ Thomas W. Osgood, Attorney-in-fact|2017-07-31