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Trading Day: Local SEC filings for 1.5.17

Richmond BizSense January 5, 2017 0

Apple Hospitality REIT (APLE)

Four executives sold shares to satisfy tax withholding obligations in connection with the vesting of restricted common shares. CEO Justin Knight sold 22,526 common shares at $19.98 per share.

CarMax (KMX)

CFO Thomas Reedy exercised options for 30,000 shares at $31.76 per share. He then sold the shares at prices ranging from $64 to $65.90, totaling $1,925,850 based on average transaction prices.

Dominion (D)

Dominion Nuclear president and chief nuclear officer David Heacock sold 15,102 shares of common stock at $74.44 per share for a total of $1,124,192.

Dynex Capital (DX)

Executive VP Smriti Laxman Popenoe sold 5,260 shares of common stock at $6.82 per share to satisfy tax withholding obligations.

Union Bankshares (UBSH)

The parent of Union Bank & Trust announced that John Asbury took over the holding company, effective Jan. 3. He replaces longtime head Billy Beale, who is now executive vice chairman. Read more about the leadership transition here.

Union also named Duane Smith Jr. as its new chief marketing officer, replacing Olen Thomas, who retired after having been in the role since 2003. Smith was most recently head of brand marketing at Vonage and worked prior to that at Capital One.

Village Bank & Trust Financial (VBFC)

The parent of Midlothian-based Village Bank disclosed that director William Chandler will not stand for relection to the company’s board at its annual meeting this year. Chandler is one of Village’s original directors dating back to when Village received its charter in 1999. The company said his pending departure is for personal reasons.

Xenith Bankshares (XBKS)

William Paulette, a director, sold 1,675 shares in three transactions at an average share price of $29.28 per share for a total of nearly $49,000.

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