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13G Filing: Maltese Capital Management Lifts Stake in Xenith Bankshares, Inc. (XBKS) to 5%

Published on February 24, 2016 at 12:59 pm by Meena Krishnamsetty in Hedge Funds, News
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Page 5 of 8 SEC Filing

SCHEDULE 13G
CUSIP No.98410X105
Page 5 of 7 Pages

Item 4.                          Ownership.
 (a) and (b)  Based upon an aggregate of 12,988,622 shares of Common Stock outstanding as determined by the Issuer’s most recently available 10Q filing, as of the close of business on November 2, 2015:
(i)
MCM owned directly no shares of Common Stock. By reason of its position as investment advisor, MCM may be deemed to beneficially own the 653,900 shares of Common Stock which are held of record by clients of MCM, constituting approximately 5.0% of the shares outstanding.
(ii)
Mr. Maltese directly owned no shares of Common Stock. By reason of his position as Managing Member of MCM, Mr. Maltese may be deemed to beneficially own 653,900 shares of Common Stock, constituting approximately 5.0% of the shares outstanding.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
No Reporting Person has sole power to vote or to direct the vote over the shares held by such Reporting Person.
(ii) Shared power to vote or to direct the vote:
MCM:     653,900                                               MR. MALTESE:  653,900
(iii) Sole power to dispose or to direct the disposition of:
No Reporting Person has sole power to dispose or to direct the disposition over the shares held by such Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
MCM:     653,900                                               MR. MALTESE:  653,900
Each of the Reporting Persons hereby disclaims any beneficial ownership of any Shares in excess of their actual beneficial ownership thereof.
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: .
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.

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