SEC Form 4 · accession 0001140361-15-028584
Xenith Bankshares, Inc. · XBKS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donna W Richards
Officer — Pres of Bank of Hampton Roads
Period of report
Jul 22, 2015
Accepted (ET)
Jul 24, 2015 · 4:32 pm EDT
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 | Jul 22, 2015 | M | 8,321 | — | A | 79,999 | D | |
| Common Stock | Jul 22, 2015 | F | 4,117 | $1.96 | D | 75,882 | 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 | — | Jul 22, 2015 | M | 8,321 | D | — | — | Common Stock | 8,321 | 28,175 | D |
Explanation of responses
- F1Each restricted stock unit converts into one share of common stock.
- F2The restricted stock units vest as follows: one third each year commencing on the first anniversary of the June 27, 2013 award date; provided however that in the event that the executive compensation and corporate governance requirements of Section 111(b) of the Emergency Economic and Stabilization Act of 2008, as amended, (the "EESA") or the Written Agreement by and among the Issuer, The Bank of Hampton Roads, the Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions (the "Written Agreement") prohibit the vesting in accordance with this schedule, the restricted stock units will not vest until such time as permitted by EESA and the Written Agreement. Restricted stock will be issued to the reporting person within 30 days of vesting.