SEC Form 4 · accession 0001140361-16-075493
Xenith Bankshares, Inc. · XBKS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wellington W. Cottrell III
Officer — EVP and Chief Credit Officer
Period of report
Jul 29, 2016
Accepted (ET)
Aug 9, 2016 · 5:02 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 | — | Jul 29, 2016 | A | 91,370 | A | — | — | Common Stock | 91,370 | 91,370 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of Xenith Bankshares, Inc. common stock.
- F2The RSUs will vest in three annual installments as follows: 33.34% on July 29, 2017 and 33.33% on July 29, 2018 and July 29, 2019. Settlement of the RSUs will occur within 30 days of vesting.