4//SEC Filing
Merrick Robert J. 4
Accession 0001209191-18-000232
CIK 0001143155other
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 4:40 PM ET
Size
15.8 KB
Accession
0001209191-18-000232
Insider Transaction Report
Form 4
Merrick Robert J.
Director
Transactions
- Disposition to Issuer
Option (right to buy)
2018-01-01−2,200→ 0 totalExercise: $8.00Exp: 2021-12-21→ Common Stock (2,200 underlying) - Disposition to Issuer
Option (right to buy)
2018-01-01−2,200→ 0 totalExercise: $10.60Exp: 2022-12-19→ Common Stock (2,200 underlying) - Disposition to Issuer
Option (right to buy)
2018-01-01−1,320→ 0 totalExercise: $10.30Exp: 2021-04-03→ Common Stock (1,320 underlying) - Disposition to Issuer
Common Stock
2018-01-01−24,529→ 0 total - Disposition to Issuer
Option (right to buy)
2018-01-01−1,914→ 0 totalExercise: $26.20Exp: 2019-05-07→ Common Stock (1,914 underlying)
Footnotes (6)
- [F1]Pursuant to the Agreement and Plan of Reorganization (the "Merger Agreement") between Xenith Bankshares, Inc. ("Xenith") and Union Bankshares Corporation ("Union"), Xenith was merged with and Union (the "Merger") on January 1, 2018. Pursuant to the Merger Agreement, at the effective time of the Merger, each share of Xenith common stock that was outstanding immediately prior to the effective time of the Merger was converted into the right to receive 0.9354 shares of Union common stock (the "Exchange Ratio") and cash in lieu of any fractional shares (together, the "Merger Consideration").
- [F2]Pursuant to the Merger Agreement, at the effective time of the Merger, these shares of Xenith common stock were converted into the right to receive 22,944 shares of Union common stock having a market value of $33.83 per share.
- [F3]These options were exercisable in three equal annual installments on December 22, 2010, December 22, 2011 and December 22, 2012. Pursuant to the Merger Agreement, at the effective time of the Merger, this Xenith stock option was converted into the right to receive a cash payment of approximately $15,982, subject to any applicable withholdings.
- [F4]These options were exercisable in three equal annual installments on April 4, 2012, April 4, 2013, and April 4, 2014. Pursuant to the Merger Agreement, at the effective time of the Merger, this Xenith stock option was converted into the right to receive a cash payment of approximately $32,010, subject to any applicable withholdings.
- [F5]These options were exercisable in three equal installments on December 22, 2012, December 22, 2013, and December 22, 2014. Pursuant to the Merger Agreement, at the effective time of the Merger, this Xenith stock option was converted into the right to receive a cash payment of approximately $58,410, subject to any applicable withholdings.
- [F6]These options were exercisable in three equal installments on December 20, 2013, December 20, 2014, and December 20, 2015. Pursuant to the Merger Agreement, at the effective time of the Merger, this Xenith stock option was converted into the right to receive a cash payment of approximately $52,690, subject to any applicable withholdings.
Documents
Issuer
Xenith Bankshares, Inc.
CIK 0001143155
Entity typeother
Related Parties
1- filerCIK 0001473743
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 4:40 PM ET
- Size
- 15.8 KB