X0303 4 2011-03-21 0001099305 VIRGINIA COMMERCE BANCORP INC VCBI 0001170549 LEHMAN KENNETH R C/O VIRGINIA COMMERCE BANCORP, INC. 5350 LEE HIGHWAY ARLINGTON VA 22207 1 0 0 0 Common Stock 2011-03-21 4 A 0 426000 5.62 A 534575 D Series A Warrant 5.62 2011-03-21 4 A 0 426000 .125 A 2011-03-31 2011-10-31 Common Stock 426000 426000 D Series B Warrant 5.62 2011-03-21 4 A 0 426000 .125 A 2011-03-31 2012-03-31 Common Stock 426000 426000 D Pursuant to a Securities Purchase Agreement entered into between the Issuer and the Reporting Person on March 21, 2011, the Reporting Person has agreed to purchase 426,000 shares of Common Stock, together with a Series A Warrant for the purchase of up to 426,000 additional shares of Common Stock and a Series B Warrant for the purchase of up to 426,000 additional shares of Common Stock, for a combined per share purchase price of $5.87 (which is the consolidated closing bid price of the Common Stock on March 18, 2011 plus $0.250 representing the aggregate value for each share of Common Stock purchasable with the Series A Warrant and the Series B Warrant). The closing is expected to take place no later than March 31, 2011. The acquisition was approved by the Issuer's board of directors in accordance with Exchange Act Rule 16b-3(d)(1) and is, therefore, exempt from Section 16(b) of the Exchange Act. Kenneth R. Lehman 2011-03-23