CAPITAL BANK CORP 4

4 · CAPITAL BANK CORP · Filed Jan 3, 2007

Form 4

Period: 2006-12-31

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2007-01-01+2,451→ 15,380 total
Award
Phantom Stock Units
[F1]
2006-12-31$17.33/sh+2,056$35,630→ 2,056 total
From: 2008-01-01Exp: 2008-01-01→ Common Stock (2,056 underlying)
Exercise/Conversion
Phantom Stock Units
[F1]
2007-01-01−2,451→ 0 total
From: 2007-01-01Exp: 2007-01-01→ Common Stock (2,451 underlying)

Holdings

Common Stock
(indirect: By Spouse)
14,300
Common Stock
(indirect: By Spouse)
1,018
Stock Option (Right to Buy)
Exercise: $14.00From: 1998-08-10Exp: 2008-08-10→ Common Stock (2,500 underlying)
2,500
Stock Option (Right to Buy)
Exercise: $8.00From: 2000-01-03Exp: 2010-01-03→ Common Stock (2,500 underlying)
2,500
Stock Option (Right to Buy)
Exercise: $10.65From: 2001-12-28Exp: 2011-12-28→ Common Stock (5,000 underlying)
5,000
Stock Option (Right to Buy)
Exercise: $18.36From: 2004-12-31Exp: 2014-12-31→ Common Stock (2,750 underlying)
2,750

Footnotes (1)

[F1]"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.

Signature

Ryan T. Hutchins, by power of attorney|2007-01-03

Documents

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