SEC Form 4

FORM 4		UNITED 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
X	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* Reed Scott A. (Last) (First) (Middle) 901 E. CARY STREET SUITE 1700 (Street) RICHMOND VA 23219 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Xenith Bankshares, Inc. [ XBKS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 07/29/2016
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/29/2016		M		9,924(1)(2)	A	(3)	44,213	D
Common Stock	07/29/2016		D		3,280,000	D	(4)	0	I	BCP Fund I Virginia Holdings, LLC(4)
Common Stock	07/29/2016		D		44,213	D	(5)	0	D

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 Security	3. 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (Right to Buy)	$11.49	07/29/2016		D			4,350	(6)	05/07/2019	Common Stock	4,350	(6)	0	D
Option (Right to Buy)	$4.5	07/29/2016		D			3,000	(7)	04/03/2021	Common Stock	3,000	(7)	0	D
Option (Right to Buy)	$3.52	07/29/2016		D			5,000	(8)	12/21/2021	Common Stock	5,000	(8)	0	D
Option (Right to Buy)	$4.64	07/29/2016		D			5,000	(9)	12/19/2022	Common Stock	5,000	(9)	0	D
Warrant	$11.49	07/29/2016		D			391,500	(10)	05/07/2019	Common Stock	391,500	(10)	0	I	BCP Fund I Virginia Holding, LLC(10)
Restricted Stock Units	(3)	07/29/2016		M			4,958	(1)	(1)	Common Stock	4,958	$0.00	0	D
Restricted Stock Units	(3)	07/29/2016		M			4,966	(2)	(2)	Common Stock	4,966	$0.00	0	D

Explanation of Responses:

1. Pursuant to the Agreement and Plan of Reorganization, dated as of February 10, 2016 (the "Merger Agreement"), between Xenith Bankshares, Inc. ("Legacy Xenith") and Hampton Roads Bankshares, Inc., Legacy Xenith was merged with and into Xenith Bankshares, Inc. (previously, Hampton Roads Bankshares, Inc., "New Xenith"). These restricted stock units vested in 12 equal installments on the last day of each month ending on April 30, 2016. The Legacy Xenith shares became non-forfeitable upon vesting. The delivery of Legacy Xenith shares was accelerated at the effective time of the merger pursuant to the terms of the Merger Agreement.

2. These restricted stock units vest in 12 equal installments on the last day of each month ending on April 30, 2017. The Legacy Xenith shares become non-forfeitable upon vesting. The vesting of unvested Legacy Xenith shares and delivery of Legacy Xenith shares were accelerated at the effective time of the merger pursuant to the terms of the Merger Agreement.

3. Each restricted stock unit represented the contingent right to receive one share of common stock of Legacy Xenith.

4. These shares of Legacy Xenith common stock were held by BCP Fund I Virginia Holdings, LLC ("BCP Fund LLC"), which is the direct beneficial owner of the shares. BankCap Partners Fund I, L.P. ("BankCap Partners Fund") is the sole member of BCP Fund LLC. The general partner of BankCap Partners Fund is BankCap Partners GP, L.P. ("BankCap Partners GP"). The general partner of BankCap Partners GP is BankCap Equity Fund, LLC ("BankCap LLC"). Mr. Reed is a manager of BankCap LLC. BankCap Partners Fund, BankCap Partners GP, BankCap LLC and Mr. Reed are indirect beneficial owners of these shares of Legacy Xenith common stock. Mr. Reed shares voting and investment control over the shares beneficially owned by BCP Fund LLC. These shares of Legacy Xenith common stock were converted into 14,432,000 shares of New Xenith common stock having a market value of $2.05 per share pursuant to the terms of the Merger Agreement.

5. These shares of Legacy Xenith common stock were converted into 194,537 shares of New Xenith common stock having a market value of $2.05 per share pursuant to the terms of the Merger Agreement.

6. These options were exercisable in three equal annual installments on December 22, 2010, December 22, 2011 and December 22, 2012 and were converted into options to purchase 19,140 shares of New Xenith common stock for $2.62 per share pursuant to the terms of the Merger Agreement.

7. These options were exercisable in three equal annual installments on April 4, 2012, April 4, 2013, and April 4, 2014 and were converted into options to purchase 13,200 shares of New Xenith common stock for $1.03 per share pursuant to the terms of the Merger Agreement.

8. These options were exercisable in three equal installments on December 22, 2012, December 22, 2013, and December 22, 2014 and were converted into options to purchase 22,000 shares of New Xenith common stock for $0.80 per share pursuant to the terms of the Merger Agreement.

9. These options were exercisable in three equal installments on December 20, 2013, December 20, 2014, and December 20, 2015 and were converted into options to purchase 22,000 shares of New Xenith common stock for $1.06 per share pursuant to the terms of the Merger Agreement.

10. This warrant was held by BCP Fund LLC, which is the direct beneficial owner of the warrant. BankCap Partners Fund is the sole member of BCP Fund LLC. The general partner of BankCap Partners Fund is BankCap Partners GP. The general partner of BankCap Partners GP is BankCap LLC. Mr. Reed is a manager of BankCap LLC. BankCap Partners Fund, BankCap Partners GP, BankCap LLC and Mr. Reed are indirect beneficial owners of this warrant. This warrant was converted into a warrant to purchase 1,722,600 shares of New Xenith common stock for $2.62 per share pursuant to the terms of the Merger Agreement.

Remarks:

	/s/Thomas W. Osgood, attorney-in-fact	08/01/2016
	** Signature of Reporting Person	Date
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