SEC Form 4 · accession 0001209191-16-103337
Xenith Bankshares, Inc. · XBKS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
T. Gaylon Layfield
Officer — President and CEO · Director
Period of report
Feb 29, 2016
Accepted (ET)
Feb 29, 2016 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001442741
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 | — | Feb 29, 2016 | A | 16,901 | A | — | — | Common Stock | 16,901 | 16,901 | D |
Explanation of responses
- F1Each restricted stock unit represents the contingent right to receive one share of XBKS common stock.
- F2The restricted stock units vest immediately and the shares become non-forfeitable upon vesting. The shares will be delivered to the reporting person on February 28, 2018.