GREBOW EDWARD 4
4 · Xenith Bankshares, Inc. · Filed Jan 3, 2018
Insider Transaction Report
Form 4
GREBOW EDWARD
Director
Transactions
- Disposition to Issuer
Common Stock
2018-01-01−500→ 0 total
Footnotes (2)
- [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 467 shares of Union common stock having a market value of $33.83 per share.