CAPITAL BANK CORP 4

4 · CAPITAL BANK CORP · Filed Jan 2, 2008

Form 4

Period: 2007-12-31

Director

Transactions

Exercise/Conversion
Common Stock
[F5][F1]
2008-01-01+1,971→ 17,366 total
Award
Phantom Stock Units
[F5]
2007-12-31$10.55/sh+3,650$38,508→ 3,650 total
From: 2009-01-01Exp: 2009-01-01→ Common Stock (3,650 underlying)
Exercise/Conversion
Phantom Stock Units
[F5]
2008-01-01−1,971→ 0 total
From: 2008-01-01Exp: 2008-01-01→ Common Stock (1,971 underlying)

Holdings

Common Stock
(indirect: By Spouse)
7,500
Common Stock
[F2]
(indirect: By Children)
900
Common Stock
[F3]
(indirect: By Children)
900
Common Stock
[F4]
(indirect: By Affiliated Corporation)
44,265
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 (2,500 underlying)
2,500

Footnotes (5)

[F1]Between 1/3/2007 and the date of this report, the reporting person acquired 13 shares of Capital Bank Corporation common stock under the Capital Bank Corporation dividend reinvestment plan.
[F2]Minor Child 1 - W. Perry
[F3]Minor Child 2 - M. Perry
[F4]Lee Brick & Tile Company - 4% owned by reporting person.
[F5]"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

Nancy A. Snow, by power of attorney|2008-01-02

Documents

2 files