GRIMES JOHN F III 4
4 · CAPITAL BANK CORP · Filed Jan 29, 2010
Insider Transaction Report
Form 4
GRIMES JOHN F III
Director
Transactions
- Award
Phantom Stock Units
2010-01-28$4.04/sh+2,721$10,993→ 7,637 totalFrom: 2011-01-27Exp: 2011-01-27→ Common Stock (2,721 underlying)
Holdings
- 2,800(indirect: By Spouse)
Common Stock
- 4,200(indirect: By IRA)
Common Stock
- 2,000
Stock Option (Right to Buy)
Exercise: $18.36From: 2004-12-31Exp: 2014-12-31→ Common Stock (2,000 underlying) - 27,919
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.