CAPITAL BANK CORP·4

Apr 24, 2:35 PM ET

GRIMES JOHN F III 4

4 · CAPITAL BANK CORP · Filed Apr 24, 2009

Insider Transaction Report

Form 4
Period: 2009-04-23
Transactions
  • Award

    Phantom Stock Units (Common Stock)

    2009-04-23$5.42/sh+1,875$10,1631,875 total
    From: 2011-01-27Exp: 2011-01-27Common Stock (1,875 underlying)
Holdings
  • Common Stock

    22,052
  • Common Stock

    (indirect: By Spouse)
    2,700
  • Common Stock

    (indirect: By IRA)
    3,200
  • Stock Option (Right to Buy)

    Exercise: $18.36From: 2004-12-31Exp: 2014-12-31Common Stock (2,000 underlying)
    2,000
  • Common Stock

    (indirect: By Spouse)
    1,100
  • Phantom Stock Units

    From: 2010-01-01Exp: 2010-01-01Common Stock (5,867 underlying)
    5,867
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 November 20, 2008). Each phantom stock unit is the economic equivalent of one share of Capital Bank Corporation common stock. The units are payable in stock upon the reporting person's termination of service as a director due to complete retirement, disability, death, or other separation from service, or upon a date certain specified by the participant.

Documents

1 file
  • 4
    doc1.xmlPrimary

    FORM 4