X0202 4 2006-12-31 0 0001071992 CAPITAL BANK CORP CBKN 0001269856 GRIMES JOHN F III 513 W. GLENDALE STREET SANFORD NC 27330 1 0 0 0 Common Stock 2007-01-01 4 M 0 2453 A 13460 D Common Stock 2560 I By Spouse Common Stock 940 I By IRA Common Stock 1100 I By Spouse's IRA Stock Option (Right to Buy) 8.00 2000-01-03 2010-01-03 Common Stock 2500 2500 D Stock Option (Right to Buy) 10.65 2001-12-28 2011-12-28 Common Stock 5000 5000 D Stock Option (Right to Buy) 18.36 2004-12-31 2014-12-31 Common Stock 2000 2000 D Phantom Stock Units 2006-12-31 4 A 0 2055 17.33 A 2008-01-01 2008-01-01 Common Stock 2055 2055 D Phantom Stock Units 2007-01-01 4 M 0 2453 D 2007-01-01 2007-01-01 Common Stock 2453 0 D "Phantom stock units" acquired by the reporting person from the Capital Bank Corporation Deferred Compensation Plan for Outside Directors (As Amended and Restated Effective January 1, 2005). Each phantom stock unit is the economic equivalent of one share of Capital Bank Corporation common stock. The units are payable in stock or cash, at the discretion of Capital Bank Corporation, upon the reporting person's termination of service as a director due to retirement, disability, or death, or upon a date certain specified by the participant. Ryan T. Hutchins, by power of attorney 2007-01-03