SEC Form 4 · accession 0001209191-17-047043
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 31, 2017
Accepted (ET)
Aug 2, 2017 · 11:37 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 | M | 1,464 | — | A | 33,346 | 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 31, 2017 | M | 1,464 | D | — | — | Common Stock | 1,464 | 2,926 | D |
Explanation of responses
- F1Each restricted stock unit represents the contingent right to receive one share of XBKS common stock.
- F2The 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.