X0303 4/A 2008-11-20 2008-11-20 0 0001071992 CAPITAL BANK CORP CBKN 0001270449 PERRY DON W P. O. BOX 1027 SANFORD NC 27330 1 0 0 0 Phantom Stock Units 2008-11-20 4 A 0 4635 6.11 A 2010-01-01 2010-01-01 Common Stock 4635 4635 D "Phantom stock units" acquired by the reporting person from the Capital Bank Corporation Deferred Compensation Plan for Outside Directors (As Amended and Restated November 20, 2008). Each phantom stock unit is the economic equivalent of one share of Capital Bank Corporation common stock. The units are payable in stock upon the reporting person's termination of service as a director due to complete retirement, disability, death, or other separation from service, or upon a date certain specified by the participant. Amends Form 4 filed on November 20, 2008 to correct Table II price of derivative securities acquired on November 20, 2008. Nancy A. Snow, by power of attorney 2008-11-24