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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Register Chip S
2. Issuer Name and Ticker or Trading Symbol

FAUQUIER BANKSHARES, INC. [ FBSS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
EVP & Chief Operating Officer
(Last)          (First)          (Middle)

10 COURTHOUSE SQUARE
3. Date of Earliest Transaction (MM/DD/YYYY)

2/18/2021
(Street)

WARRENTON, VA 20186
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 2/18/2021  M  1010 A (1)10343 D  
Common Stock 2/18/2021  D  505 (1)D$19.79 9838 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Stock Units  (1)2/18/2021  M     532   (1) (1)Common Stock 532 $0.00 0 D  
Performance Stock Units  (1)2/18/2021  M     478   (1) (1)Common Stock 478 $0.00 0 D  

Explanation of Responses:
(1) On February 18, 2021, the Compensation Committee of the Board of Directors of Fauquier Bankshares, Inc. (the "Company") approved, effective February 18, 2021, the vesting at 50% of two performance stock unit awards previously granted to the reporting person, in 2017 and 2018. Each performance stock unit is the equivalent of one share of the Company's common stock. On February 18, 2021, 505 of the reporting person's performance stock units were settled for cash and the remaining 505 were settled for an equal number of shares of the Company's common stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Register Chip S
10 COURTHOUSE SQUARE
WARRENTON, VA 20186


EVP & Chief Operating Officer

Signatures
Tammy P. Frazier, Attorney in Fact for Chip S. Register2/22/2021
**Signature of Reporting PersonDate

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