SEC FORM 4

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^*

ENGLISH CRISTIN REID

(Last)

(First)

(Middle)

6287 MEREFORD CT.

(Street)

EAST LANSING

48823

(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)
	Chief Administrative Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/22/2004

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

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

	Form filed by One Reporting Person
X	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								54	D
Common Stock								350	D
Common Stock								1,218	D
Common Stock								200	D
Common Stock								10,342.5155	D
Common Stock	01/15/2004		P	V	10.3105	A	$29.0966	511.6104	D
Common Stock	02/19/2004		P	V	10.3484	A	$28.99	524.5723	D
Common Stock								4,131	I	Cristin's 401k
Common Stock								259.9986	I	Brian's ESOP
Common Stock								579.2977	I	Cristin's ESOP
Common Stock								65	I	Custodian for non-relative
Common Stock								421	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Options	$11							12/31/2001	07/01/2007	Common Stock	1,026		1,026	D
Options	$16.4							03/31/2002	10/31/2007	Common Stock	5,505		5,505	D
Options	$16.4							03/31/2002	11/01/2008	Common Stock	2,936		2,936	D
Options	$16.4							03/31/2002	01/31/2008	Common Stock	244		244	D
Options	$11							12/31/2002	07/01/2007	Common Stock	1,025		1,025	D
Options	$17.42							01/15/2003	07/01/2008	Common Stock	1,822		1,822	D
Options	$17.42							01/15/2003	02/05/2009	Common Stock	6,517		6,517	D
Options	$17.42							01/15/2003	02/15/2010	Common Stock	1,303		1,303	D
Options	$20.89							12/31/2003	12/31/2009	Common Stock	801		801	D
Options	$20.9							04/09/2003	05/21/2009	Common Stock	5,253		5,253	D
Options	$20.9							04/09/2003	08/01/2010	Common Stock	1,050		1,050	D
Options	$16.4							03/31/2002	01/31/2008	Common Stock	440		440	D
Options	$15.52							12/31/2002	12/31/2008	Common Stock	824		824	D
Options	$20.89							12/31/2003	12/31/2009	Common Stock	961		961	D
Options	$27.05	03/22/2004		A		20,000		03/22/2009	03/22/2010	Common Stock	20,000	$0	20,000	D
Options	$27.05	03/22/2004		A		20,000		03/22/2009	03/22/2010	Common Stock	20,000	$0	20,000	D

1. Name and Address of Reporting Person^*

ENGLISH CRISTIN REID

(Last)

(First)

(Middle)

6287 MEREFORD CT.

(Street)

EAST LANSING

48823

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

ENGLISH BRIAN K

(Last)

(First)

(Middle)

6287 MEREFORD CT.

(Street)

EAST LANSING

48823

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

Remarks:

	Cristin Reid English	03/23/2004
	** 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.