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 JOSEPH D
(Last) (First) (Middle)
200 N. WASHINGTON SQUARE
(Street)
LANSING MI 48933
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CAPITOL BANCORP LTD [ CBC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman and CEO
3. Date of Earliest Transaction (Month/Day/Year)
03/12/2003
4. If Amendment, Date of Original Filed (Month/Day/Year)
03/14/2003 		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
Common Stock 03/12/2003 F 202,696 D $21.039 393,206 D
Common Stock 03/12/2003 M 295,669 A (1) 688,875 D
Common Stock 1,834 I Wife/Partnership
Common Stock 4,897 I Partnership
Common Stock 7,435 I IRA
Common Stock 15,832.1196 I 401k
Common Stock 30,110 I Wife/Trust
Common Stock 4,874 I Wife
Common Stock 103,175 I Trust
Common Stock 121,493 I Family LP
Common Stock 1,800 I Wife's IRA
Common Stock 03/12/2003 D 86,466 D $21.039 602,409 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
Options (2) (2) (2) Common Stock 1,254,431 1,254,431 D
Options $25.1041 12/15/1997 12/15/2004 Common Stock 100,001 100,001 I Family LP
Options $14.28 03/13/2003 A 7,004 03/13/2003 01/31/2009 Common Stock 7,004 $0 7,004 D
Options $14.28 03/13/2003 A 28,016 03/13/2003 02/01/2009 Common Stock 28,016 $0 28,016 D
Options $21.42 03/13/2003 A 7,004 03/13/2003 08/01/2010 Common Stock 7,004 $0 7,004 D
Options $21.951 03/13/2003 A 42,524 03/13/2003 01/17/2010 Common Stock 42,524 $0 42,524 D
Options $23.2 03/13/2003 A 576 03/13/2003 01/08/2010 Common Stock 576 $0 576 D
Options $22.28 03/13/2003 A 278 03/13/2003 01/20/2010 Common Stock 278 $0 278 D
Options $22.28 03/13/2003 A 275 03/13/2003 01/22/2010 Common Stock 275 $0 275 D
Options $22.5 03/13/2003 A 94 03/13/2003 01/22/2010 Common Stock 94 $0 94 D
Options $23 03/13/2003 A 20 03/13/2003 01/22/2010 Common Stock 20 $0 20 D
Options $21.49 03/13/2003 A 60 03/13/2003 02/03/2010 Common Stock 60 $0 60 D
Options $23.37 03/13/2003 A 200 03/13/2003 02/11/2010 Common Stock 200 $0 200 D
Options $23.36 03/13/2003 A 27 03/13/2003 02/11/2010 Common Stock 27 $0 27 D
Options $20.357 03/13/2003 A 1,736 03/13/2003 02/12/2010 Common Stock 1,736 $0 1,736 D
Options $21.49 03/13/2003 A 628 03/13/2003 02/19/2010 Common Stock 628 $0 628 D
Options $21.49 03/13/2003 A 120 03/13/2003 02/24/2010 Common Stock 120 $0 120 D
Options $21.49 03/13/2003 A 159 03/13/2003 02/27/2010 Common Stock 159 $0 159 D
Options (1) 03/12/2003 M 295,669 (1) (1) Common Stock 295,669 $0 295,669 D
Options $22.28 03/13/2003 A 711 03/13/2003 01/07/2010 Common Stock 711 $0 711 D
Explanation of Responses:
1. The exercise prices of the options range from $6.36 to $14.0625. The exercisable dates for the options range from 7/1/96 to 3/31/02, and the expiration dates range from 7/1/03 to 12/31/05.
2. The exercise prices for the options range from $9.21 to $25.10417, the exercisable dates are from 6/1/1997 to 3/10/2003, and the expiration dates range from 6/1/2004 to 3/10/2010.
Remarks:
Joseph D. Reid 11/07/2003
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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