CAPITAL BANK CORP 4

4 · CAPITAL BANK CORP · Filed Jan 3, 2007

Form 4

Period: 2006-12-31

Director

Transactions

Exercise/Conversion
Phantom Stock Units
2007-01-01−2,336→ 0 total
From: 2007-01-01Exp: 2007-01-01→ Common Stock (2,336 underlying)
Exercise/Conversion
Common Stock
2007-01-01+2,336→ 11,313 total
Award
Phantom Stock Units
2006-12-31$17.33/sh+1,711$29,652→ 1,711 total
From: 2008-01-01Exp: 2008-01-01→ Common Stock (1,711 underlying)

Holdings

Stock Option (Right to Buy)
Exercise: $14.00From: 1998-08-10Exp: 2008-08-10→ Common Stock (2,500 underlying)
2,500
Common Stock
(indirect: By Spouse)
1,000
Common Stock
(indirect: By Trust)
23,500
Common Stock
(indirect: By IRA)
2,000
Stock Option (Right to Buy)
Exercise: $10.65From: 2001-12-28Exp: 2001-12-28→ Common Stock (6,000 underlying)
6,000
Common Stock
(indirect: By Trust)
6,000

Footnotes (3)

[F1]Robert L. Jones Charitable Foundation
[F2]Sheridan Trust: Robert L. Jones, Trustee
[F3]"Phantom stock units" acquired by the reporting person from the Capital Bank Corporation Deferred Compensation Plan for Outside Directors (As Amended and Restated Effective January 1, 2005). Each phantom stock unit is the economic equivalent of one share of Capital Bank Corporation common stock. The units are payable in stock or cash, at the discretion of Capital Bank Corporation, upon the reporting person's termination of service as a director due to retirement, disability, or death, or upon a date certain specified by the participant.

Documents

1 file