4/A//SEC Filing
Xenith Bankshares, Inc. 4/A
Accession 0000899243-16-031552
CIK 0001143155operating
Filed
Oct 10, 8:00 PM ET
Accepted
Oct 11, 4:38 PM ET
Size
7.9 KB
Accession
0000899243-16-031552
Insider Transaction Report
Form 4/AAmended
Phillips Edward H. Jr.
EVP & Co-Head of Comm. Banking
Transactions
- Award
Common Stock
2016-07-29+143,879→ 143,879 total - Tax Payment
Common Stock
2016-07-29−11,727→ 132,152 total
Footnotes (3)
- [F1]This is an amendment to the Form 4 originally filed on August 2, 2016, which erroneously indicated that the number of securities acquired and the amount of securities benefically owned was 108,680 instead of 143,879.
- [F2]Received in exchange for 32,700 shares of Xenith Bankshares, Inc. ("Legacy Xenith") common stock pursuant to the terms of the Agreement and Plan of Reorganization, dated as of February 10, 2016, between Legacy Xenith and Hampton Roads Bankshares, Inc., Legacy Xenith was merged with and into Xenith Bankshares, Inc. (previously, Hampton Roads Bankshares, Inc., "New Xenith"). On the effective date of the merger, the closing price of Legacy Xenith's common stock was $8.90 per share, and the closing price of New Xenith's common stock was $2.05 per share.
- [F3]For purposes of determining the holder's tax liability, the closing price of Legacy Xenith's common stock on the day prior to the effective date of the merger, or $8.67 per share, was used. For purposes of withholding shares of New Xenith to satisfy the tax liability, the average of the closing-sale prices of Hampton Roads Bankshares, Inc.'s common stock on the NASDAQ Global Select Market as reported by The Wall Street Journal for the five full trading days ending on the day preceding the effective date of the merger, or $1.958 per share, was used.
Documents
Issuer
Xenith Bankshares, Inc.
CIK 0001143155
Entity typeoperating
IncorporatedVA
Related Parties
1- filerCIK 0001143155
Filing Metadata
- Form type
- 4/A
- Filed
- Oct 10, 8:00 PM ET
- Accepted
- Oct 11, 4:38 PM ET
- Size
- 7.9 KB