CAPITAL BANK CORP 4

4 · CAPITAL BANK CORP · Filed Jan 2, 2008

Form 4

Period: 2007-12-31

Director

Transactions

Exercise/Conversion
Phantom Stock Units
2008-01-01−2,280→ 0 total
From: 2008-01-01Exp: 2008-01-01→ Common Stock (2,280 underlying)
Exercise/Conversion
Common Stock
2008-01-01+2,280→ 43,715 total
Award
Phantom Stock Units
2007-12-31$10.55/sh+3,554$37,495→ 3,554 total
From: 2009-01-01Exp: 2009-01-01→ Common Stock (3,554 underlying)

Holdings

Common Stock
(indirect: By Partnership)
4,553
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 Trust)
1,076
Phantom Stock Units
→ Common Stock (8,870 underlying)
8,870
Stock Option (Right to Buy)
Exercise: $18.36From: 2004-12-31Exp: 2014-12-31→ Common Stock (2,750 underlying)
2,750
Stock Option (Right to Buy)
Exercise: $10.65From: 2001-12-28Exp: 2011-12-28→ Common Stock (7,000 underlying)
7,000

Footnotes (4)

[F1]Between August 6, 2007 and the date of this report, the reporting person acquired 7 shares of Capital Bank Corporation common stock under the Capital Bank Corporation dividend reinvestment plan.
[F2]Education Irrevocable Trust: Bryan J. Philips and Samuel J. Wornom, III, Trustee.
[F3]Education Irrevocable Trust: Richard C, McKay, Jr. and Samuel J. Wornom, III, Trustee.
[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