| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CAPITOL BANCORP LTD [ CBC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/20/2005 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 12/20/2005 | M | 97,963 | A | $16.4 | 97,963 | D | |||
| Common Stock | 12/20/2005 | M | 22 | A | $13.5 | 22 | D | |||
| Common Stock | 12/20/2005 | M | 30 | A | $13.205 | 30 | D | |||
| Common Stock | 12/20/2005 | M | 612 | A | $14.33 | 612 | D | |||
| Common Stock | 12/20/2005 | M | 1,438 | A | $14.37 | 1,438 | D | |||
| Common Stock | 12/20/2005 | M | 72,295 | A | $17.42 | 72,295 | D | |||
| Common Stock | 12/20/2005 | M | 156 | A | $14.4775 | 156 | D | |||
| Common Stock | 12/20/2005 | M | 609 | A | $13.8 | 609 | D | |||
| Common Stock | 12/20/2005 | M | 7,851 | A | $14.275 | 7,851 | D | |||
| Common Stock | 12/20/2005 | M | 1,244 | A | $14.84 | 1,244 | D | |||
| Common Stock | 12/20/2005 | M | 824 | A | $15.885 | 824 | D | |||
| Common Stock | 12/20/2005 | M | 4,326 | A | $18.45 | 4,326 | D | |||
| Common Stock | 12/20/2005 | M | 1,182 | A | $21.385 | 1,182 | D | |||
| Common Stock | 12/20/2005 | M | 1,733 | A | $16.027 | 1,733 | D | |||
| Common Stock | 12/20/2005 | F | 141,849 | D | $38.58 | 48,436 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| Option (right to buy) | $13.5 | 12/20/2005 | M | 22 | 03/14/2001 | 03/14/2008 | Common Stock | 22 | $0 | 0 | D | ||||
| Option (right to buy) | $13.205 | 12/20/2005 | M | 30 | 04/23/2001 | 04/23/2008 | Common Stock | 30 | $0 | 0 | D | ||||
| Option (right to buy) | $14.33 | 12/20/2005 | M | 612 | (2) | (2) | Common Stock | 612 | $0 | 0 | D | ||||
| Option (right to buy) | $14.37 | 12/20/2005 | M | 1,438 | (3) | (3) | Common Stock | 1,438 | $0 | 0 | D | ||||
| Option (right to buy) | $17.42 | 12/20/2005 | M | 72,295 | (4) | (4) | Common Stock | 72,295 | $0 | 0 | D | ||||
| Option (right to buy) | $14.4775 | 12/20/2005 | M | 156 | (5) | (5) | Common Stock | 156 | $0 | 0 | D | ||||
| Option (right to buy) | $16.4 | 12/20/2005 | M | 97,963 | 11/19/1998(1) | 11/01/2008 | Common Stock | 97,963 | $0 | 0 | D | ||||
| Option (right to buy) | $13.8 | 12/20/2005 | M | 609 | (6) | (6) | Common Stock | 609 | $0 | 0 | D | ||||
| Option (right to buy) | $14.275 | 12/20/2005 | M | 7,851 | (7) | (7) | Common Stock | 7,851 | $0 | 0 | D | ||||
| Option (right to buy) | $14.84 | 12/20/2005 | M | 1,244 | (8) | (8) | Common Stock | 1,244 | $0 | 0 | D | ||||
| Option (right to buy) | $15.885 | 12/20/2005 | M | 824 | (9) | (9) | Common Stock | 824 | $0 | 0 | D | ||||
| Option (right to buy) | $18.45 | 12/20/2005 | M | 4,326 | (10) | (10) | Common Stock | 4,326 | $0 | 0 | D | ||||
| Option (right to buy) | $21.385 | 12/20/2005 | M | 1,182 | (11) | (11) | Common Stock | 1,182 | $0 | 0 | D | ||||
| Option (right to buy) | $16.027 | 12/20/2005 | M | 1,733 | 05/15/2002 | 05/15/2009 | Common Stock | 1,733 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. 44,606 options were exercisable on 10/1/1997 and expire on 10/1/2007, 16,657 options were exercisable on 11/19/1998 and expire on 11/1/2008, and 36,700 options were exercisable on 12/31/1998 and expire on 1/1/2009. |
| 2. 51 of the options were exercisable on 5/9/2001 and expire on 5/9/2008, 222 options were exercisable on 5/15/2001 and expire on 5/15/2008, and the remaining 339 options were exercisable on 5/16/2001 and expire on 5/16/2008. |
| 3. 22 of the options were exercisable on 6/6/2001 and expire on 6/6/2008, 22 options were exercisable on 6/8/2001 and expire on 6/8/2008, 61 options were exercisable on 6/19/2001 and expire on 6/19/2008, and 1,333 options were exercisable on 6/26/2001 and expire on 6/26/2001. |
| 4. 26,018 options were exercisable on 6/30/1998, 11,187 options were exercisable on 11/1/99, 15,537 options were exercisable on 1/15/2001 (all of which expire on 7/1/2008), and 19,553 options were exercisable on 2/5/1999 and expire on 2/5/2009. |
| 5. 101 options had an exercisable date of 9/5/2001 and expire on 9/5/2008, and 55 options had an exercisable date of 9/18/2001 and expire on 9/18/2008. |
| 6. 222 options were exercisable on 11/8/2001 and expire on 11/8/2008, and 387 options were exercisable on 12/1/2001 and expire on 12/1/2008. |
| 7. The options have varying exercisable dates from 1/7/2002 to 1/30/2002, and varying expiration dates from 1/7/2009 to 1/30/2009. |
| 8. The options have varying exercisable dates from 2/1/2002 to 2/27/2002 and varying expiration dates from 2/1/2009 to 2/27/2009. |
| 9. The options have varying exercisable dates from 3/1/2002 to 3/29/2002 and varying expiration dates from 3/1/2009 to 3/29/2009. |
| 10. The options have varying exercisable dates from 4/2/2002 to 4/30/2002 and varying expiration dates from 4/2/2009 to 4/30/2009. |
| 11. The options have varying exercisable dates from 5/1/2002 to 5/30/2002 and varying expiration dates from 5/1/2009 to 5/30/2009. |
| Remarks: |
| Joseph D. Reid | 12/21/2005 | |
| ** 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. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||