-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-10-060515.txt : 20101209
<SEC-HEADER>0001181431-10-060515.hdr.sgml : 20101209
<ACCEPTANCE-DATETIME>20101209162439
ACCESSION NUMBER:		0001181431-10-060515
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101207
FILED AS OF DATE:		20101209
DATE AS OF CHANGE:		20101209

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			UKROP JAMES E
		CENTRAL INDEX KEY:			0001186488

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20293
		FILM NUMBER:		101242614

	MAIL ADDRESS:	
		STREET 1:		111 VIRGINIA STREET
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23219

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNION FIRST MARKET BANKSHARES CORP
		CENTRAL INDEX KEY:			0000883948
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				540412820
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		111 VIRGINIA STREET
		STREET 2:		SUITE 200
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23219
		BUSINESS PHONE:		8046335031

	MAIL ADDRESS:	
		STREET 1:		111 VIRGINIA STREET
		STREET 2:		SUITE 200
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23219

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNION BANKSHARES CORP
		DATE OF NAME CHANGE:	19930727

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNION BANCORP INC /VA/
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd293743.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-12-07</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000883948</issuerCik>
        <issuerName>UNION FIRST MARKET BANKSHARES CORP</issuerName>
        <issuerTradingSymbol>UBSH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001186488</rptOwnerCik>
            <rptOwnerName>UKROP JAMES E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>111 VIRGINIA STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 200</rptOwnerStreet2>
            <rptOwnerCity>RICHMOND</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>23219</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2010-12-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2327</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>13.43</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>344501</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>863140</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>James E. Ukrop Revocable Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Five day average closing price during the period ending November 30, 2010 as provided in the Union First Market Bankshares Corporation (the &quot;Issuer&quot;) Directors Stock Plan.</footnote>
        <footnote id="F2">On July 23, 2010, Ukrop's Services, L.C. (&quot;Services&quot;) distributed its shares of the Issuer's common stock to Service's members on a pro rata basis.  The increase in shares directly held by Mr. Ukrop reflects the shares he received in this distribution.  Mr. Ukrop previously reported all of the Issuer's shares held by Services as an indirect holding and disclaimed beneficial ownership of such shares except to the extent of his pecuniary interest therein.  Since the distribution effected only a change in the form of Mr. Ukrop's beneficial ownership of such shares without changing his pecuniary interest, Mr. Ukrop was not required to file a Form 4 pursuant to Rule 16a-13.</footnote>
        <footnote id="F3">On July 23, 2010, Ukrop's Thrift Holdings, Inc. (&quot;Thrift&quot;), a wholly owned subsidiary of Ukrop's Super Market's Inc. (&quot;Ukrop's&quot;), distributed the shares of the Issuer's common stock held by Thrift to Ukrop's, and Ukrop's distributed the shares to its shareholders on a pro rata basis.  Mr. Ukrop placed the shares he received in this distribution in his trust.  Mr. Ukrop previously reported all of the Issuer's shares held by Thrift as an indirect holding and disclaimed beneficial ownership of such shares except to the extent of his pecuniary interest therein.  Since this distribution effected only a change in the form of Mr. Ukrop's beneficial ownership of such shares without changing his pecuniary interest, Mr. Ukrop was not required to file a Form 4 pursuant to Rule 16a-13.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ David N. Oakey, power of attorney</signatureName>
        <signatureDate>2010-12-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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