GRIMES JOHN F III 4
4 · CAPITAL BANK CORP · Filed Jul 24, 2009
Insider Transaction Report
Form 4
GRIMES JOHN F III
Director
Transactions
- Award
Phantom Stock Units
2009-07-23$6.33/sh+1,318$8,343→ 3,192 totalFrom: 2011-01-27Exp: 2011-01-27→ Common Stock (1,318 underlying)
Holdings
- 2,000
Stock Option (Right to Buy)
Exercise: $18.36From: 2004-12-31Exp: 2014-12-31→ Common Stock (2,000 underlying) - 2,700(indirect: By Spouse)
Common Stock
- 5,867
Phantom Stock Units
From: 2010-01-01Exp: 2010-01-01→ Common Stock (5,867 underlying) - 22,052
Common Stock
- 4,200(indirect: By IRA)
Common Stock
- 1,100(indirect: By Spouse)
Common Stock
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.