SEC Form 4 · accession 0000883948-18-000015
Atlantic Union Bankshares Corp · AUB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick E. Corbin
Director
Period of report
Jan 1, 2018
Accepted (ET)
Jan 3, 2018 · 4:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000883948
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 1, 2018 | A | 17,752 | $0.00 | A | 17,752 | D | |
| Common StockF2 | Jan 1, 2018 | A | 13,072 | $0.00 | A | 13,072 | I | By Patrick Corbin Revocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Received in exchange for 18,979 shares of Xenith Bankshares, Inc. ("Xenith") common stock in connection with the merger of Xenith with and into Union Bankshares Corporation ("Union") effective January 1, 2018 (the "Merger"). At the effective time of the Merger at 12:01 a.m. on January 1, 2018 (the "Effective Time"), each outstanding common share of Xenith converted into the right to receive 0.9354 shares of Union common stock (the "Exchange Ratio"). On December 29, 2017, the last trading day before the Effective Time, the closing price of Xenith's common stock was $33.83 per share and the closing price of Union's common stock was $36.17 per share. All fractional share holdings were paid in cash.
- F2Received in exchange for 13,975 shares of Xenith common stock in connection with the Merger. At the Effective Time, each outstanding common share of Xenith converted into the right to receive the Exchange Ratio. On December 29, 2017, the last trading day before the Effective Time, the closing price of Xenith's common stock was $33.83 per share and the closing price of Union's common stock was $36.17 per share. All fractional share holdings were paid in cash.