SEC Form 4 · accession 0000899243-16-035935
Xenith Bankshares, Inc. · XBKS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donna W Richards
Officer — President & COO
Period of report
Nov 25, 2016
Accepted (ET)
Dec 19, 2016 · 4:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001143155
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 25, 2016 | M | 100,000 | — | A | 306,114 | D | |
| Common Stock | Nov 25, 2016 | F | 47,700 | $2.58 | D | 258,414 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Nov 25, 2016 | M | 100,000 | D | — | — | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Restricted Stock Units convert into XBKS common stock on a one-for-one basis.
- F2On July 29, 2016, the reporting person was granted 200,000 Restricted Stock Units, the first half of which vested upon completion of the core system conversion on November 25, 2016, and the second half will vest on July 29, 2018.