FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Cottrell Wellington W. III
2. Issuer Name and Ticker or Trading Symbol

Xenith Bankshares, Inc. [ XBKS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP and Chief Credit Officer
(Last)          (First)          (Middle)

901 E. CARY STREET, SUITE 1700
3. Date of Earliest Transaction (MM/DD/YYYY)

11/21/2017
(Street)

RICHMOND, VA 23219
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   11/21/2017     M    2200   A $10.30   35546   D    
Common Stock   11/21/2017     M    3300   A $8.30   38846   D    
Common Stock   11/21/2017     M    7656   A $9.50   46502   D    
Common Stock   11/21/2017     M    7656   A $26.20   54158   D    
Common Stock   11/21/2017     S    2816   D $32.97   51342   D    
Common Stock   11/21/2017     S    1401   D $32.9281   49941   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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)   $10.30   11/21/2017     M         2200      (1) 4/3/2021   Common Stock   2200   $0.00   0   D    
Option (right to buy)   $8.30   11/21/2017     M         3300      (2) 2/22/2022   Common Stock   3300   $0.00   0   D    
Option (right to buy)   $9.50   11/21/2017     M         7656      (3) 8/14/2022   Common Stock   7656   $0.00   0   D    
Option (right to buy)   $26.20   11/21/2017     M         7656      (4) 5/7/2019   Common Stock   7656   $0.00   0   D    

Explanation of Responses:
(1)  These options were exercisable in three equal installments on April 4, 2012, April 4, 2013, and April 4, 2014.
(2)  These options were exercisable in three equal installments on February 23, 2013, February 23, 2014, and February 23, 2015.
(3)  These options were exercisable in three equal installments on August 14, 2013, August 14, 2014, and August 14, 2015.
(4)  These options were exercisable in three equal installments on December 22, 2010, December 22, 2011, and December 22, 2012.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Cottrell Wellington W. III
901 E. CARY STREET
SUITE 1700
RICHMOND, VA 23219


EVP and Chief Credit Officer

Signatures
/s/ Thomas W. Osgood, attorney-in-fact 11/22/2017
** Signature of Reporting Person Date


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 control number.
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