ATKINS CHARLES F 4

4 · CAPITAL BANK CORP · Filed Apr 6, 2011

Form 4

Period: 2011-04-04

Director

Transactions

Exercise/Conversion
Phantom Stock Units
2011-04-04−9,184→ 0 total
From: 2011-01-27→ Common Stock (9,184 underlying)
Award
Phantom Stock Units
2011-04-04$3.40/sh+8,027$27,292→ 22,874 total
→ Common Stock (8,027 underlying)
Exercise/Conversion
Common Stock
2011-04-04+32,058→ 132,893 total
Exercise/Conversion
Phantom Stock Units
2011-04-04−22,874→ 0 total
→ Common Stock (22,874 underlying)

Holdings

Common Stock
(indirect: By Affiliated Corporation)
50,100
Common Stock
(indirect: By Affiliated Corporation)
12,999
Common Stock
(indirect: By Affiliated Corporation)
1,000
Stock Option (Right to Buy)
Exercise: $10.65From: 2001-12-28Exp: 2011-12-28→ Common Stock (5,000 underlying)
5,000
Stock Option (Right to Buy)
Exercise: $18.36From: 2004-12-31Exp: 2014-12-31→ Common Stock (2,000 underlying)
2,000

Footnotes (5)

[F1]AGA Corporation - 19.8% owned by reporting person.
[F2]AK&K Corporation - 25% owned by reporting person.
[F3]Taboys Corporation - 100% owned by reporting person.
[F4]"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.
[F5]Payment of benefits under the Capital Bank Corporaton Deferred Compensation Plan for Outside Directors (As Amended and Restated November 20, 2008) are payable in full within 90 days of the consummation of a transaction constituting a change in control. On January 28, 2011, North American Financial Holdings, Inc. ("NAFH") completed its investment of approximately $181 million in the Company through the purchase of 71 million shares of the Company's common stock resulting in NAFH owning approximately 83% of the Company's outstanding common stock.

Documents

1 file