4//SEC Filing
Phillips Edward H. Jr. 4
Accession 0001209191-18-000246
CIK 0001143155other
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 4:48 PM ET
Size
19.8 KB
Accession
0001209191-18-000246
Insider Transaction Report
Form 4
Phillips Edward H. Jr.
EVP & Co-Head of Comm. Banking
Transactions
- Disposition to Issuer
Common Stock
2018-01-01−3,828→ 0 total(indirect: By Trust) - Disposition to Issuer
Restricted Stock Units
2018-01-01−267→ 0 totalExercise: $0.00→ Common Stock (267 underlying) - Disposition to Issuer
Option (right to buy)
2018-01-01−3,062→ 0 totalExercise: $26.20Exp: 2019-05-07→ Common Stock (3,062 underlying) - Gift
Common Stock
2017-10-12−258→ 19,740 total - Disposition to Issuer
Common Stock
2018-01-01−19,027→ 0 total - Gift
Common Stock
2017-10-12−607→ 19,998 total - Gift
Common Stock
2017-11-27−713→ 19,027 total - Disposition to Issuer
Warrant
2018-01-01−1,531→ 0 totalExercise: $26.20Exp: 2019-05-07→ Common Stock (1,531 underlying)
Footnotes (6)
- [F1]Pursuant to the Agreement and Plan of Reorganization (the "Merger Agreement") between Xenith Bankshares, Inc. ("Xenith") and Union Bankshares Corporation ("Union"), Xenith was merged with and Union (the "Merger") on January 1, 2018. Pursuant to the Merger Agreement, at the effective time of the Merger, each share of Xenith common stock that was outstanding immediately prior to the effective time of the Merger was converted into the right to receive 0.9354 shares of Union common stock (the "Exchange Ratio") and cash in lieu of any fractional shares (together, the "Merger Consideration").
- [F2]Pursuant to the Merger Agreement, at the effective time of the Merger, these shares of Xenith common stock were converted into the right to receive 17,797 shares of Union common stock having a market value of $33.83 per share.
- [F3]Pursuant to the Merger Agreement, at the effective time of the Merger, these shares of Xenith common stock were converted into the right to receive 3,580 shares of Union common stock having a market value of $33.83 per share.
- [F4]Pursuant to the Merger Agreement, at the effective time of the Merger, each Xenith restricted stock unit that was outstanding and unsettled, unvested or contingent immediately prior to the effective time of the Merger vested fully and was converted into the right to receive, without interest, the Merger Consideration payable in respect of each share of Xenith common stock underlying such Xenith restricted stock unit.
- [F5]This warrant was immediately exercisable. Pursuant to the Merger Agreement, at the effective time of the Merger, this warrant converted into a warrant to purchase 1,432 shares of Union common stock for $28.01 per share.
- [F6]These options were exercisable in three equal installments on December 22, 2010, December 22, 2011, and December 22, 2012. Pursuant to the Merger Agreement, at the effective time of the Merger, this Xenith stock option was converted into the right to receive a cash payment of approximately $25,568, subject to any applicable withholdings.
Documents
Issuer
Xenith Bankshares, Inc.
CIK 0001143155
Entity typeother
Related Parties
1- filerCIK 0001540682
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 4:48 PM ET
- Size
- 19.8 KB