4//SEC Filing
Garson Palmer P. 4
Accession 0001209191-18-000485
CIK 0001143155other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 11:00 AM ET
Size
8.1 KB
Accession
0001209191-18-000485
Insider Transaction Report
Form 4
Garson Palmer P.
Director
Transactions
- Disposition to Issuer
Common Stock
2018-01-01−33,906→ 0 total - Disposition to Issuer
Warrant
2018-01-01−1,148→ 0 totalExercise: $26.20Exp: 2019-05-07→ Common Stock (1,148 underlying)
Footnotes (3)
- [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 31,715 shares of Union common stock having a market value of $33.83 per share.
- [F3]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 1,073 shares of Union common stock for $28.01 per share.
Documents
Issuer
Xenith Bankshares, Inc.
CIK 0001143155
Entity typeother
Related Parties
1- filerCIK 0001473380
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 11:00 AM ET
- Size
- 8.1 KB