Trading Day: Inside the SEC filings of local public companies for 9.16.10

tradingdayApple REIT
Continuing its buying spree, Apple REIT, one of the several funds run by the Richmond-based Apple REIT Companies, entered into a contract for the potential purchase of 16 hotels with a total of 2,200 rooms for a total of $291.2 million. The hotels are Indiana, Arizona, Illinois, Texas, Arizona, Florida, Utah and Michigan and include hotel brands such as Hilton Garden Inn, Embassy Suites, Fairfield Inn and others. The contracts are pending, and certain closing conditions must be met before any deal would close.

Brink’s Co.
Chairman, President and CEO Michael Dan spent $105,400 to buy 5,000 shares of Brink’s stock for $21.08 per share. He directly owns more than 227,000 shares.   Director Betty Alewine sold 1,800 shares for $21.09 per share, or $37,962. She still directly owns 2,800 shares.   Eastern Virginia Bankshares The company’s board of directors went on a big shopping spree, with each member acquiring hundreds of shares through an optional cash investment and dividend reinvestment. Most directors bought 500 shares for $6.54 per share through the optional cash investment. They also reinvested dividends and purchased stock for $4.01 and $7.66 per share.

Genworth
Genworth Financial Institutional shareholder NWQ Investment Management Co. LLC has decreased its stake in Genworth stock by 7.2 million shares since the end of 2009. Delaware-based NWQ said it owned of 19.1 million shares of Genworth stock as of the end of August, accounting for 3.9 percent of the company’s outstanding shares. That compares with the 22.3 million shares it owned Dec. 31.

Markel Corp.
Director Douglas Eby sold 100 shares for $330.58 per share for a total of $33,058. He still owns 323 shares of Markel stock.

Massey Energy

Dan Moore, a director, received 38 shares of phantom stock worth $31.56 each. The shares will eventually be settled either with cash or Massey common stock. Moore directly owns more than 19,000 Massey shares.

Southpeak Interactive Corp.
Directors Louis Jannetty, David Buckel and Paul Eibeler each received 65,000 shares at no cost. They also received stock options for 150,000 shares with a conversion price of $0.23 per share. Those shares vest in three equal installments beginning in 2011.

Star Scientific
Directors Neil Chayet and Alan Weichelbaum were each awarded stock options for 50,000 shares of the company’s common stock with a conversion price of $1.67 per share. The options are part of the company incentive award plan.

Union First Market Bankshares
Douglas Caton, a director, purchased 1,692 shares for $11.77 per share or $19,914. The shares were purchased for Caton’s children, in whose name more than 21,000 Union shares are held.

Universal Corp.
Fines the company was ordered to pay related to price fixing in Spain were reduced by the General Court of the European Union last week from 12 million euros ($15.6 million) to 6.12 million euros, or about $7.9 million in today’s currency. The fines stem from an alleged price fixing cartel case in which five companies were ordered to pay a total of 20 million euros in fines. Two of Universal’s European subsidiaries, Tabacos Espanoles and Deltafina, were among the group of five. The company still has the ability to appeal the latest decision.

Xenith Bankshares

Director Patrick Hanley purchased 1,000 shares for $6.47 per share. He directly owns 2,000 shares of Xenith stock.

Michael Schwartz is a BizSense reporter. Please send news tips to [email protected].

tradingdayApple REIT
Continuing its buying spree, Apple REIT, one of the several funds run by the Richmond-based Apple REIT Companies, entered into a contract for the potential purchase of 16 hotels with a total of 2,200 rooms for a total of $291.2 million. The hotels are Indiana, Arizona, Illinois, Texas, Arizona, Florida, Utah and Michigan and include hotel brands such as Hilton Garden Inn, Embassy Suites, Fairfield Inn and others. The contracts are pending, and certain closing conditions must be met before any deal would close.

Brink’s Co.
Chairman, President and CEO Michael Dan spent $105,400 to buy 5,000 shares of Brink’s stock for $21.08 per share. He directly owns more than 227,000 shares.   Director Betty Alewine sold 1,800 shares for $21.09 per share, or $37,962. She still directly owns 2,800 shares.   Eastern Virginia Bankshares The company’s board of directors went on a big shopping spree, with each member acquiring hundreds of shares through an optional cash investment and dividend reinvestment. Most directors bought 500 shares for $6.54 per share through the optional cash investment. They also reinvested dividends and purchased stock for $4.01 and $7.66 per share.

Genworth
Genworth Financial Institutional shareholder NWQ Investment Management Co. LLC has decreased its stake in Genworth stock by 7.2 million shares since the end of 2009. Delaware-based NWQ said it owned of 19.1 million shares of Genworth stock as of the end of August, accounting for 3.9 percent of the company’s outstanding shares. That compares with the 22.3 million shares it owned Dec. 31.

Markel Corp.
Director Douglas Eby sold 100 shares for $330.58 per share for a total of $33,058. He still owns 323 shares of Markel stock.

Massey Energy

Dan Moore, a director, received 38 shares of phantom stock worth $31.56 each. The shares will eventually be settled either with cash or Massey common stock. Moore directly owns more than 19,000 Massey shares.

Southpeak Interactive Corp.
Directors Louis Jannetty, David Buckel and Paul Eibeler each received 65,000 shares at no cost. They also received stock options for 150,000 shares with a conversion price of $0.23 per share. Those shares vest in three equal installments beginning in 2011.

Star Scientific
Directors Neil Chayet and Alan Weichelbaum were each awarded stock options for 50,000 shares of the company’s common stock with a conversion price of $1.67 per share. The options are part of the company incentive award plan.

Union First Market Bankshares
Douglas Caton, a director, purchased 1,692 shares for $11.77 per share or $19,914. The shares were purchased for Caton’s children, in whose name more than 21,000 Union shares are held.

Universal Corp.
Fines the company was ordered to pay related to price fixing in Spain were reduced by the General Court of the European Union last week from 12 million euros ($15.6 million) to 6.12 million euros, or about $7.9 million in today’s currency. The fines stem from an alleged price fixing cartel case in which five companies were ordered to pay a total of 20 million euros in fines. Two of Universal’s European subsidiaries, Tabacos Espanoles and Deltafina, were among the group of five. The company still has the ability to appeal the latest decision.

Xenith Bankshares

Director Patrick Hanley purchased 1,000 shares for $6.47 per share. He directly owns 2,000 shares of Xenith stock.

Michael Schwartz is a BizSense reporter. Please send news tips to [email protected].

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