SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

POWELL ROBERT H III

(Last)

(First)

(Middle)

HAMPTON ROADS BANKSHARES, INC.

201 VOLVO PKWY

(Street)

CHESAPEAKE

23320

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
HAMPTON ROADS BANKSHARES INC [ HMPR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/19/2003	05/27/2003	X	V	1,732	A	$2.025	51,327	D
Common Stock	05/19/2003	05/27/2003	X	V	1,840	A	$3.195	51,327	D
Common Stock								2,021	I	Spouse

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Options	$2.025	05/19/2003	05/27/2003	X	V	1,732		12/31/1993	12/31/2003	Common Stock Options	0	$0	43,198	D
Common Stock Options	$3.195	05/19/2003	05/27/2003	X	V	1,840		12/31/1994	12/31/2004	Common Stock Options	0	$0	43,198	D
Common Stock Options	$10.25							12/31/1998	12/31/2008	Common Stock Options	2,373		43,198	D
Common Stock Options	$3.8775							12/31/1995	12/31/2005	Common Stock Options	1,972		43,198	D
Common Stock Options	$4.665							12/31/1996	12/31/2006	Common Stock Options	2,150		43,198	D
Common Stock Options	$2.925							01/01/1997	01/01/2007	Common Stock Options	14,042		43,198	D
Common Stock Options	$5.97							12/31/1997	12/31/2007	Common Stock Options	2,292		43,198	D
Common Stock Options	$3.75							01/01/1998	01/01/2008	Common Stock Options	2,800		43,198	D
Common Stock Options	$5.9							01/01/1999	01/01/2009	Common Stock Options	1,966		43,198	D
Common Stock Options	$7.43							12/31/1999	12/31/2009	Common Stock Options	2,391		43,198	D
Common Stock Options	$4.375							01/01/2000	01/01/2010	Common Stock Options	2,903		43,198	D
Common Stock Options	$6.53							12/31/2000	12/31/2010	Common Stock Options	2,399		43,198	D
Common Stock Options	$4							01/01/2001	01/01/2011	Common Stock Options	3,038		43,198	D
Common Stock Options	$7.03							12/31/2001	12/31/2011	Common Stock Options	2,406		43,198	D
Common Stock Options	$7.09							12/31/2002	12/31/2012	Common Stock Options	2,466		43,198	D

Explanation of Responses:

	Robert H. Powell, III by his Attorney in Fact, Tiffany K. Glenn	07/28/2003
	** Signature of Reporting Person	Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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