SEC Form 4 · accession 0001209191-17-062777
Capital Bank Financial Corp. · CBF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R. Bruce Singletary
Officer — Chief Credit Officer
Period of report
Nov 28, 2017
Accepted (ET)
Nov 29, 2017 · 11:25 am 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 share | Nov 28, 2017 | M | 312,778 | $20.00 | A | 468,282 | D | |
| Class A Common Stock, par value $0.01 per share | Nov 28, 2017 | M | 139,522 | $20.00 | A | 607,804 | D | |
| Class A Common Stock, par value $0.01 per shareF1 | Nov 28, 2017 | F | 319,729 | $40.10 | D | 288,075 | D | |
| Restricted Common StockF2 | holding | — | — | — | 18,823 | 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)F3 | $20.00 | Nov 28, 2017 | M | 312,778 | D | — | Dec 22, 2019 | Class A Common Stock, par value $0.01 per share | 312,778 | 0 | D |
| Common Stock Option (Right to Buy)F4 | $20.00 | Nov 28, 2017 | M | 139,552 | D | — | Jan 12, 2022 | Class A Common Stock, par value $0.01 per share | 139,552 | 0 | D |
Explanation of responses
- F1An aggregate of 319,729 shares of Class A Common Stock, par value $0.01 per share, otherwise due to the Reporting Person as a result of the stock options exercises described herein were withheld to cover the exercise cost as well as applicable taxes.
- F2Shares of Restricted Common Stock vest ratably over a three year period in annual installments.
- F3Consists 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.
- F4Consists 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.