GRIMES JOHN F III 4
4 · CAPITAL BANK CORP · Filed Mar 26, 2010
Insider Transaction Report
Form 4
GRIMES JOHN F III
Director
Transactions
- Purchase
Common Stock
2010-03-25$4.00/sh+1,100$4,400→ 5,300 total(indirect: By IRA)
Holdings
- 1,100(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) - 27,919
Common Stock
- 2,800(indirect: By Spouse)
Common Stock
- 7,637
Phantom Stock Units
From: 2011-01-27Exp: 2011-01-27→ Common Stock (7,637 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 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.