SEC Form 4 · accession 0001209191-16-106472
Capital Bank Financial Corp. · CBF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth A. Posner
Officer — See Remarks
Period of report
Mar 4, 2016
Accepted (ET)
Mar 7, 2016 · 3:21 pm EST
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 | Mar 4, 2016 | A | 2,000 | $29.996 | A | 96,893 | 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)F2,F1 | $20.00 | holding | — | — | — | — | Dec 22, 2019 | Class A Common Stock, pas value $0.01 per share | 78,194 | 78,194 | D |
| Common Stock Option (right to buy)F3,F2 | $20.00 | holding | — | — | — | — | Jan 12, 2022 | Class A Common Stock, pas value $0.01 per share | 139,522 | 139,522 | D |
| Common Stock Option (right to buy)F4,F3 | $30.54 | holding | — | — | — | — | Feb 1, 2026 | Class A Common Stock, pas value $0.01 per share | 9,185 | 9,185 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $29.99 to $29.999, inclusive. The reporting person undertakes to provide to Capital Bank Financial Corp., any security holder of Capital Bank Financial Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.
- F2Consists 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.
- F3Consists 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.
- F4Stock options vest ratable over a three year period in annual installments beginning on February 1, 2016 and ending on February 1, 2019.
Remarks
Chief of Strategic Planning and Investor Relations Executive