Robert L Reid Form 4 Capital Bank Financial / Robert L Reid ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Reid Robert L

(Last) (First) (Middle)

2111 RADCLIFFE AVENUE

(Street)

CHARLOTTE NC 28207

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Capital Bank Financial Corp. [ CBF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/26/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock, par value $0.01 per share	10/26/2016		A		27,184	A	$0.00(1)	27,184	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Option (right to buy)	$37.21	10/26/2016		A		19,781		(2)	10/01/2024	Class A Common Stock	19,781	(3)	19,781	D
Common Stock Option (right to buy)	$37.21	10/26/2016		A		2,528		(2)	10/01/2024	Class A Common Stock	2,528	(4)	2,528	D
Common Stock Option (right to buy)	$37.21	10/26/2016		A		10,488		(2)	07/31/2025	Class A Common Stock	10,488	(5)	10,488	D
Common Stock Option (right to buy)	$37.21	10/26/2016		A		11,821		(2)	07/31/2025	Class A Common Stock	11,821	(6)	11,821	D

Explanation of Responses:

1. Received in exchange for 63,220 shares of CommunityOne Bancorp common stock in connection with the merger of CommunityOne Bancorp into Capital Bank Financial Corp. (the "Merger"). Pursuant to the Agreement and Plan of Merger, dated November 22, 2015, by and between Capital Bank Financial Corp. and CommunityOne Bancorp (the "Merger Agreement"), each issued and outstanding share of CommunityOne Bancorp was exchanged for either 0.43 shares of Capital Bank Financial Corp. Class A common stock or $14.25 in cash, subject to the election and proration procedures described in the Merger Agreement.

2. Pursuant to the Merger Agreement, the option became fully vested on October 26, 2016.

3. Received in the Merger in exchange for a stock option to acquire 46,004 shares of CommunityOne Bancorp common stock for $16.00 per share.

4. Received in the Merger in exchange for a stock option to acquire 5,880 shares of CommunityOne Bancorp common stock for $16.00 per share.

5. Received in the Merger in exchange for a stock option to acquire 24,392 shares of CommunityOne Bancorp common stock for $16.00 per share.

6. Received in the Merger in exchange for a stock option to acquire 27,491 shares of CommunityOne Bancorp common stock for $16.00 per share.

Remarks:

	/s/ Robert L. Reid	10/26/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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