Sec Form 4 Filing - Bentley Elizabeth M. @ Union Bankshares Corp - 2016-12-20

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Bentley Elizabeth M.
2. Issuer Name and Ticker or Trading Symbol
Union Bankshares Corp [ UBSH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP
(Last) (First) (Middle)
C/O UNION BANKSHARES CORPORATION, 1051 EAST CARY STREET, SUITE 1200
3. Date of Earliest Transaction (MM/DD/YY)
12/20/2016
(Street)
RICHMOND, VA23219
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 12/20/2016 M 850 A $ 16.45 17,022 D
Common Stock 12/20/2016 S 850 D $ 35.9467 ( 1 ) 16,172 D
Common Stock 12/20/2016 M 909 A $ 14.4 17,081 D
Common Stock 12/20/2016 S 909 D $ 35.9467 ( 1 ) 16,172 D
Common Stock 12/20/2016 M 1,057 A $ 12.11 17,229 D
Common Stock 12/20/2016 S 1,057 D $ 35.9467 ( 1 ) 16,172 D
Common Stock 7,450 I By Trustee of ESOP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
NQSO (right-to-buy) $ 16.45 12/20/2016 M 850 04/28/2011( 2 ) 04/28/2020 Common Stock 850 $ 0 4,249 D
NQSO (right-to-buy) $ 14.4 12/20/2016 M 909 02/23/2013( 3 ) 02/23/2022 Common Stock 909 $ 0 6,359 D
NQSO (right-to-buy) $ 12.11 12/20/2016 M 1,057 04/26/2012( 4 ) 04/26/2021 Common Stock 1,057 $ 0 6,347 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bentley Elizabeth M.
C/O UNION BANKSHARES CORPORATION
1051 EAST CARY STREET, SUITE 1200
RICHMOND, VA23219
EVP
Signatures
/s/ Rachael R. Lape, as attorney-in-fact for Elizabeth M. Bentley 12/22/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Price indicated is the weighted average sales price as a result of a series of broker-assisted transactions ranging in price from $35.90 to $35.972 per share. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range upon request by the SEC staff, the issuer, or any security holder of the issuer.
( 2 )This option vested in five equal 20% installments, beginning on the first anniversary of the grant date of April 28, 2010.
( 3 )This option vests in five equal 20% installments, beginning on the first anniversary of the grant date of February 23, 2012.
( 4 )This option vested in five equal 20% installments, beginning on the first anniversary of the grant date of April 26, 2011.

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).
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