SEC Form 4 · accession 0001209191-15-047282
Capital Bank Financial Corp. · CBF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher G Marshall
Officer — Chief Financial Officer
Period of report
May 24, 2015
Accepted (ET)
May 27, 2015 · 8:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001479750
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.01 per shareF1,F2 | May 24, 2015 | F | 42,847 | $28.43 | D | 149,454 | D | |
| Restricted Common StockF3 | holding | — | — | — | 89,732 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Option (right to buy)F4 | $20.00 | holding | — | — | — | — | Dec 22, 2019 | Class A Common Stock, par value $0.01 per share | 469,167 | 469,167 | D |
| Common Stock Option (right to buy)F5 | $20.00 | holding | — | — | — | — | Jan 12, 2022 | Class A Common Stock, par value $0.01 per share | 139,522 | 139,522 | D |
Explanation of responses
- F1Represents shares withheld by Capital Bank Financial Corp. in respect of withholding tax liability incurred upon the vesting of 89,732 shares of restricted stock, which occurred on May 24, 2015.
- F2Reflects the addition of 46,885 shares upon the vesting of restricted stock (after withholding of shares described in the preceding footnote), which occurred on May 24, 2015.
- F3Shares of restricted common stock vest based on the achievement of performance goals relating to increases in the price of a share of CBF Class A Common Stock, with the performance shares vesting when the price equals or exceeds $32 per share. The vesting of the Reporting Person's restricted common stock is subject to his continued employment with CBF.
- F4Consists of stock options granted in March 2011. One half of the stock options granted in March 2011 vested on December 22, 2011 and the other half of the stock options granted in March 2011 vested on December 22, 2012.
- F5Consists of stock options granted in January 2012. One half of the stock options granted in January 2012 vested on January 12, 2012 and the other half of the stock options granted in January 2012 vested on January 12, 2013.