GRIMES JOHN F III 4
4 · CAPITAL BANK CORP · Filed Oct 24, 2008
Insider Transaction Report
Form 4
GRIMES JOHN F III
Director
Transactions
- Purchase
Common Stock
2008-10-24$8.05/sh+100$805→ 3,200 total(indirect: By IRA)
Holdings
- 18,815
Common Stock
- 1,100(indirect: By Spouse)
Common Stock
- 3,237
Phantom Stock Units
From: 2009-01-01Exp: 2009-01-01→ Common Stock (3,237 underlying) - 2,560(indirect: By Spouse)
Common Stock
- 2,000
Stock Option (Right to Buy)
Exercise: $18.36From: 2004-12-31Exp: 2014-12-31→ Common Stock (2,000 underlying)
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.