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^*

KASTEN MICHAEL L

(Last)

(First)

(Middle)

8009 COXS DRIVE

(Street)

PORTAGE

49002

(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)
	Vice Chairman

3. Date of Earliest Transaction (Month/Day/Year)
11/30/2005

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)
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	11/30/2005		A		4,976	A	$0⁽¹⁾	144,208	I	LLC
Common Stock								72,191	I	IRA

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)
Option (right to buy)	$12.62							05/04/2000	09/24/2006	Common Stock	404		404	D
Option (right to buy)	$13.48							05/04/2000	09/30/2006	Common Stock	452		452	D
Option (right to buy)	$10.85							05/04/2000	01/31/2007	Common Stock	251		251	D
Option (right to buy)	$12.5							05/04/2000	04/07/2007	Common Stock	14		14	D
Option (right to buy)	$17.42							01/15/2003	07/01/2008	Common Stock	1,822		1,822	D
Option (right to buy)	$22.86							12/31/2003	01/01/2010	Common Stock	852		852	D
Option (right to buy)	$20.9							04/09/2003	05/21/2009	Common Stock	2,101		2,101	D
Option (right to buy)	$20.9							04/09/2003	08/01/2010	Common Stock	381		381	D
Option (right to buy)	$16.4							03/31/2002	11/01/2008	Common Stock	3,490		3,490	D
Option (right to buy)	$16.4							03/31/2002	01/01/2009	Common Stock	1,222		1,222	D
Option (right to buy)	$16.4							03/31/2002	01/31/2008	Common Stock	3,412		3,412	D
Option (right to buy)	$16.4							03/31/2002	06/30/2009	Common Stock	3,460		3,460	D
Option (right to buy)	$25.92							⁽²⁾	07/01/2007	Common Stock	1,250		1,250	D
Option (right to buy)	$28.75							12/31/2004	01/01/2011	Common Stock	733		733	D
Option (right to buy)	$24.2							07/01/2005	07/01/2011	Common Stock	1,250		1,250	D
Option (right to buy)	$34.84							06/01/2005	01/01/2012	Common Stock	915		915	D

Explanation of Responses:

1. Received in exchange for shares of Bank of Las Vegas in connection with the business combination between Capitol Bancorp Limited and Bank of Las Vegas. The transaction is exempt pursuant to Rule 16b-3(d) of the Securities and Exchange Act, as amended.

2. Options are exercisable upon vesting, which is contingent upon attendance and participation in board of directors and committee meetings.

Remarks:

	Cristin Reid English, POA	11/30/2005
	** 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.
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