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, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

WALTERS ARTHUR L 		2. Issuer Name and Ticker or Trading Symbol

VIRGINIA COMMERCE BANCORP INC [ vcbi ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

4935 N 30TH ST 		3. Date of Earliest Transaction (MM/DD/YYYY)

10/19/2007
(Street)

ARLINGTON, VA 22207
(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   10/19/2007     M    44305   A $1.6146   3060512   D    
Common Stock   10/19/2007     M    16111   A $1.6917   3076623   D    
Common Stock   10/19/2007     M    6444   A $3.3172   3083067   D    
Common Stock   10/19/2007     M    10312   A $4.7476   3093379   D    
Common Stock   10/19/2007     M    6444   A $12.1949   3099823   D    
Common Stock   10/19/2007     M    4125   A $14.0606   3103948   D    
Common Stock   10/19/2007     M    660   A $18.4364   3104608   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 Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. 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 Date 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 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
Common Stock Options   $1.6146   10/19/2007     M     44305       1/12/2001   1/12/2010   Common Stock Options   44305   $1.6146   0   D    
Common Stock Options   $1.6917   10/19/2007     M     16111       1/10/2002   1/10/2011   Common Stock Options   16111   $1.6917   0   D    
Common Stock Options   $3.3172   10/19/2007     M     6444       1/9/2003   1/9/2012   Common Stock Options   6444   $3.3172   0   D    
Common Stock Options   $4.7476   10/19/2007     M     10312       1/11/2004   1/11/2013   Common Stock Options   10312   $4.7476   0   D    
Common Stock Options   $12.1949   10/19/2007     M     6444       1/10/2005   1/10/2014   Common Stock Options   6444   $12.1949   0   D    
Common Stock Options   $14.0606   10/19/2007     M     4125       1/18/2006   1/18/2015   Common Stock Options   4125   $14.0606   0   D    
Common Stock Options   $18.4364   10/19/2007     M     660       1/11/2007   1/11/2016   Common Stock Options   660   $18.4364   2640   (1) D    

Explanation of Responses:
( 1)  Mr. Walters also has options to purchase an additional 5,340 shares of common stock at various prices which expire at various times.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WALTERS ARTHUR L
4935 N 30TH ST
ARLINGTON, VA 22207 		X X


Signatures
Arthur L. Walters 10/23/2007
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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