CAPITAL BANK CORP 4

4 · CAPITAL BANK CORP · Filed Jan 2, 2008

Form 4

Period: 2007-12-31

Director

Transactions

Exercise/Conversion
Common Stock
2008-01-01+1,874→ 19,815 total
Exercise/Conversion
Phantom Stock Units
2008-01-01−1,874→ 0 total
From: 2008-01-01Exp: 2008-01-01→ Common Stock (1,874 underlying)
Award
Phantom Stock Units
2007-12-31$10.55/sh+3,175$33,496→ 3,175 total
From: 2009-01-01Exp: 2009-01-01→ Common Stock (3,175 underlying)

Holdings

Common Stock
(indirect: By Affiliated Corporation)
50,000
Common Stock
(indirect: By Affiliated Corporation)
1,000
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 (2,000 underlying)
2,000
Common Stock
(indirect: By Affiliated Corporation)
11,761
Stock Option (Right to Buy)
Exercise: $14.00From: 1998-08-10Exp: 2008-08-10→ Common Stock (2,500 underlying)
2,500

Footnotes (4)

[F1]AGA Corporation - 19.8% owned by reporting person.
[F2]AK& K Corporation ? 25% owned by reporting person.
[F3]Taboys Corporation - 100% owned by reporting person.
[F4]"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

2 files