SEC Form 4 · accession 0001209191-17-047107
Xenith Bankshares, Inc. · XBKS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas B. Dix III
Officer — EVP/Co-Head of Commercial Bank
Period of report
Jul 31, 2017
Accepted (ET)
Aug 2, 2017 · 4:22 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 31, 2017 | A | 7,500 | — | A | 20,591 | D | |
| Common StockF2 | Jul 31, 2017 | F | 3,578 | — | D | 17,013 | 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 | 7,500 | D | — | — | Common Stock | 7,500 | 7,500 | 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 two annual installments of 50% on July 29, 2017 and 50% on July 29, 2018. Settlement occurs within 30 days of vesting.