SEC Form 4 · accession 0001209191-17-006807
Capital Bank Financial Corp. · CBF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Johnson Kavanagh
Officer — Consumer Market Executive
Period of report
Jan 30, 2017
Accepted (ET)
Feb 1, 2017 · 5:16 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Common StockF1,F2 | Jan 30, 2017 | A | 7,901 | $0.00 | A | 16,906 | 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,F3 | $18.00 | holding | — | — | — | — | May 21, 2023 | Class A Common Stock, par value $0.01 per share | 50,000 | 50,000 | D |
Explanation of responses
- F1Shares of restricted common stock vest ratably over a three-year period in annual installments beginning on January 30, 2018 and ending on January 30, 2020.
- F2Includes 9,005 shares of restricted common stock that vest ratably over a three year period in annual installments beginning on February 1, 2017 and ending on February 1, 2019. 3,404 shares of the shares of restricted common stock also vest upon the reporting person's qualifying retirement.
- F3Consists of stock options granted on May 21,2013. One half ofthe stock options were vested on May 21, 2014 and the other half of the stock options were vested on May 21, 2015.