Loading...
Docoh

Patrick E. Corbin

Filed: 2 Jan 18, 7:00pm
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Corbin Patrick E.

(Last)(First)(Middle)
C/O UNION BANKSHARES CORPORATION
1051 EAST CARY STREET, STE 1200

(Street)
RICHMONDVA23219

(City)(State)(Zip)
2. Issuer Name and Ticker or Trading Symbol
Union Bankshares Corp [ UBSH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/01/2018
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8)4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock01/01/2018A17,752A$0(1)17,752D
Common Stock01/01/2018A13,072A$0(2)13,072IBy Patrick Corbin Revocable Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)2. Conversion or Exercise Price of Derivative Security3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8)5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)8. Price of Derivative Security (Instr. 5)9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Received 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.
2. Received 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.
Remarks:
/s/ Rachael R. Lape, as attorney-in-fact for Patrick E. Corbin01/03/2018
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.