SEC Form 4 · accession 0000899243-17-008063
Xenith Bankshares, Inc. · XBKS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
T. Gaylon Layfield
Officer — Chief Executive Officer · Director
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 6:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001143155
Table I — non-derivative securities
No Table I lines on this filing.
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 | — | Mar 15, 2017 | A | 5,054 | A | — | — | Common Stock | 5,054 | 5,054 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Xenith Bankshares, Inc. (the "Company") common stock.
- F2The RSUs vest immediately and the shares become non-forfeitable upon vesting. The shares of Company common stock will be delivered to the reporting person on the earliest to occur of (i) a change in control of the Company, (ii) the reporting person's death or (iii) March 15, 2019.