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^*

BAGLEY ROBERT G

(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)
02/14/2006

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	02/14/2006		X		2,579	A	$8.44	116,824.5357	D
Common Stock	02/14/2006		X		3,198	A	$9.75	116,824.5357	D
Common Stock	02/14/2006		X		2,531	A	$8.77	116,824.5357	D
Common Stock	02/14/2006		X		4,055	A	$10.1	116,824.5357	D
Common Stock	02/14/2006		X		2,466	A	$7.09	116,824.5357	D
Common Stock	02/14/2006		X		4,607	A	$8	116,824.5357	D
Common Stock	02/14/2006		X		2,406	A	$7.03	116,824.5357	D
Common Stock	02/14/2006		X		9,068	A	$8	116,824.5357	D
Common Stock	02/14/2006		X		2,399	A	$6.53	116,824.5357	D
Common Stock	02/14/2006		X		12,894	A	$8	116,824.5357	D
Common Stock	02/14/2006		X		2,391	A	$7.43	116,824.5357	D
Common Stock	02/14/2006		X		13,737	A	$8.75	116,824.5357	D
Common Stock	02/14/2006		X		2,339	A	$5.9	116,824.5357	D
Common Stock	02/14/2006		X		2,373	A	$10.25	116,824.5357	D
Common Stock	02/14/2006		X		3,066	A	$3.75	116,824.5357	D
Common Stock	02/14/2006		X		2,292	A	$5.97	116,824.5357	D
Common Stock	02/14/2006		X		14,524	A	$5.97	116,824.5357	D
Common Stock	02/14/2006		X		2,150	A	$4.665	116,824.5357	D
Common Stock	02/14/2006		X		14,594	A	$4.665	116,824.5357	D
Common Stock	02/14/2006		X		68,963.1692⁽¹⁾	D	$10.8	116,824.5357	D

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	$8.44	02/14/2006		X			2,579	12/31/2004	12/31/2014	Stock Options	2,579	$8.44	13,057	D
Common Stock	$9.75	02/14/2006		X			3,198	12/31/2004	12/31/2014	Stock Options	3,198	$9.75	13,057	D
Common Stock	$8.77	02/14/2006		X			2,531	12/31/2003	12/31/2013	Stock Options	2,531	$8.77	13,057	D
Common Stock	$10.1	02/14/2006		X			4,055	12/31/2003	12/31/2013	Stock Options	4,055	$10.1	13,057	D
Common Stock	$7.09	02/14/2006		X			2,466	12/31/2002	12/31/2012	Stock Options	2,466	$7.09	13,057	D
Common Stock	$8	02/14/2006		X			4,607	12/31/2002	12/31/2012	Stock Options	4,607	$8	13,057	D
Common Stock	$7.03	02/13/2006		X			2,406	12/31/2001	12/31/2011	Stock Options	2,406	$7.03	13,057	D
Common Stock	$8	02/14/2006		X			9,068	12/31/2001	12/31/2011	Stock Options	9,068	$8	13,057	D
Common Stock	$6.53	02/14/2006		X			2,399	12/31/2000	12/31/2010	Stock Options	2,399	$6.53	13,057	D
Common Stock	$8	02/14/2006		X			12,894	12/31/2000	12/31/2010	Stock Options	12,894	$8	13,057	D
Common Stock	$7.43	02/14/2006		X			2,391	12/31/1999	12/31/2009	Stock Options	2,391	$7.43	13,057	D
Common Stock	$8.75	02/14/2006		X			13,737	12/31/1999	12/31/2019	Stock Options	13,737	$8.75	13,057	D
Common Stock	$5.9	02/14/2006		X			2,339	01/01/1999	01/01/2009	Stock Options	2,339	$5.9	13,057	D
Common Stock	$10.25	02/14/2006		X			2,373	12/31/1998	12/31/2008	Stock Options	2,373	$10.25	13,057	D
Common Stock	$3.75	02/14/2006		X			3,066	01/01/1998	01/01/2008	Stock Options	3,066	$3.75	13,057	D
Common Stock	$5.97	02/14/2006		X			2,292	12/31/1997	12/31/2007	Stock Options	2,292	$5.97	13,057	D
Common Stock	$5.97	02/14/2006		X			14,524	12/31/1997	12/31/2007	Stock Options	14,524	$5.97	13,057	D
Common Stock	$4.665	02/14/2006		X			2,150	12/31/1996	12/31/2006	Stock Options	2,150	$4.665	13,057	D
Common Stock	$4.665	02/14/2006		X			14,594	12/31/1996	12/31/2006	Stock Options	14,594	$4.665	13,057	D

Explanation of Responses:

1. Stock options exercised and 68,963.169204 shares were exchanged to purchase 103,668.9997 of stock options. Net effect was a purchase of 34,705.830496 shares.

	Robert G Bagley, by his Attorney in Fact, Tiffany K Glenn	02/15/2006
	** 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).
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