Statement of Changes in Beneficial Ownership (4)
March 19 2021 - 5:13PM
Edgar (US Regulatory)
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
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
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
*
Boyd C Rodes Jr |
2. Issuer Name and Ticker or Trading Symbol
BLUE RIDGE BANKSHARES, INC.
[
BRBS
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Vice President |
(Last)
(First)
(Middle)
17 WEST MAIN STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/31/2021 |
(Street)
LURAY, VA 22835
(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 | 1/31/2021 | | A | | 6783 | A | (1) | 6783 | D | |
Common Stock | 2/1/2021 | | A | | 7000 (2) | A | $0 | 13783 | D | |
Common Stock | 3/16/2021 | | D | | 6513 | D | $213991 (3) | 7270 | 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 |
Stock Option (right to buy) | $20.70 | 1/31/2021 | | A | | 1250 | | 1/31/2021 | 12/7/2027 | Common Stock | 1250 | (4) | 1250 | D | |
Stock Option (right to buy) | $16.20 | 1/31/2021 | | A | | 1250 | | 1/31/2021 | 12/7/2021 | Common Stock | 1250 | (5) | 1250 | D | |
Explanation of Responses: |
(1) | Received in exchange for 13,567 shares of Bay Banks of Virginia, Inc. ("Bay Banks") common stock in connection with the merger of Bay Banks with and into Blue Ridge Bankshares, Inc. ("Blue Ridge") effective January 31, 2021 (the "Merger"). At the effective time of the Merger at 7:00 p.m. on January 31, 2021 (the "Effective Time"), each outstanding share of common stock of Bay Banks converted into the right to receive 0.5000 shares of Blue Ridge common stock. On January 29, 2021, the last trading day before the Effective Time, the closing price of Bay Banks' common stock was $9.50 per share and the closing price of Blue Ridge's common stock was $18.83 per share. All fractional share holdings were paid in cash. |
(2) | Award of time-based restricted stock, per employment agreement, subject to a vesting schedule. |
(3) | The price reported in Column 4 is a weighted average price. These shares were sold in 47 transactions at prices of $21.43, $21.37, $21.36, $21.425, $21.30, $21.35, $21.4029, $21.47, $21.48, $21.42, $21.465, $21.38, and $21.41. |
(4) | Received in the Merger in exchange for stock options to acquire 2,500 shares of Bay Banks common stock for $10.35 per share. |
(5) | Received in the Merger in exchange for stock options to acquire 2,500 shares of Bay Banks common stock for $8.10 per share. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Boyd C Rodes Jr 17 WEST MAIN STREET LURAY, VA 22835 |
|
| Executive Vice President |
|
Signatures
|
/s/ C. Rodes Boyd, Jr | | 3/19/2021 |
**Signature of Reporting Person | Date |
Blue Ridge Bancshares (AMEX:BRBS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Blue Ridge Bancshares (AMEX:BRBS)
Historical Stock Chart
From Apr 2023 to Apr 2024