SEC Form 4 · accession 0001209191-17-028717
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
Mar 22, 2017
Accepted (ET)
Apr 28, 2017 · 4:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001442741
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 22, 2017 | G | 4,146 | $0.00 | D | 0 | I | By Trust |
| Common StockF3 | holding | — | — | — | 96,354 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 13, 2016, Xenith Bankshares, Inc. effected a 1-for-10 reverse stock split, the effect of which is reflected in the amount of securities beneficially owned.
- F2Represents a bonafide gift of shares to Mr. Layfield's children.
- F3Includes 9,386 shares previously held in the trust for the benefit of Mr. Layfield's children, which were distributed to Mr. Layfield and are now owned directly by him.