X0202 4 2007-02-01 0 0001071992 CAPITAL BANK CORP CBKN 0001269857 PERKINS GEORGE R III 1823 BOONE TRAIL ROAD SANFORD NC 27330 1 0 0 0 Common Stock 2007-02-01 4 P 0 5000 17.29 A 44119 D Common Stock 64115 I By Proxy for Father Stock Option (Right to Buy) 14 1998-08-10 2008-08-10 Common Stock 2500 2500 D Stock Option (Right to Buy) 8 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 Common Stock 1872 1872 D Between 12/31/2006 and the date of this report, the reporting person acquired 127 shares of Capital Bank Corporation common stock under the Capital Bank Corporation dividend reinvestment plan. Reporting person has a revocable proxy agreement dated 2/17/2000 to vote 100% of shares owned by his father, George R. Perkins, Jr. "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 2007-02-13