Filing Details

Accession Number:
0001209191-14-029194
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-04-25 13:18:51
Reporting Period:
2014-04-02
Filing Date:
2014-04-25
Accepted Time:
2014-04-25 13:18:51
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1479750 Capital Bank Financial Corp. CBF National Commercial Banks (6021) 271454759
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1558467 A. Kenneth Posner 121 Alhambra Plaza
Suite 1601
Coral Gables FL 33134
See Remarks No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock, Par Value $0.01 Per Share Disposition 2014-04-02 18,903 $25.26 57,477 No 4 F Direct
Class A Common Stock, Par Value $0.01 Per Share Acquisiton 2014-04-23 2,000 $23.99 59,477 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 F Direct
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Restricted Common Stock 67,757 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock, Par Value $0.01 Per Share Common Stock Option (right to buy) $20.00 2019-12-22 78,194 78,194 Direct
Class A Common Stock, Par Value $0.01 Per Share Common Stock Option (right to buy) $20.00 2022-01-12 139,522 139,522 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-12-22 78,194 78,194 Direct
2022-01-12 139,522 139,522 Direct
Footnotes
  1. Represents shares withheld by Capital Bank Financial Corp. in respect of withholding tax liability incurred upon the vesting of 33,880 shares of restricted stock, which occurred on April 2, 2014.
  2. Reflects the addition of 14,977 shares upon the vesting of restricted stock (after withholding of shares described in the preceding footnote), which occurred on April 2, 2014.
  3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.987 to $22.989. 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 Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  4. Shares 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 50.0% of the performance shares vesting when the price equals or exceeds $28 per share and 50.0% of 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.
  5. Consists 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.
  6. Consists 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.