SEC Form 4 · accession 0001209191-17-047040
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
Jul 31, 2017
Accepted (ET)
Aug 2, 2017 · 11:31 am 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 31, 2017 | A | 3,903 | — | A | 100,257 | D | |
| Common StockF2 | Jul 31, 2017 | F | 1,292 | — | D | 98,965 | 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 UnitsF2,F3 | — | Jul 31, 2017 | M | 3,903 | D | — | — | Common Stock | 3,903 | 7,804 | D |
Explanation of responses
- F1Each restricted stock unit represents the contingent right to receive one share of XBKS common stock.
- F2For the purposes of determining the holder's tax liability, the closing price of XBKS common stock on the day prior to the effective date of the vesting, or $27.97 was used.
- F3The RSUs vest in three annual installments of 33.34% on July 29, 2017, and 33.33% on July 29, 2018 and July 29, 2019. Settlement occurs within 30 days of vesting.