Sec Form 4 Filing - DEMARTINI RICHARD M @ Capital Bank Financial Corp. - 2012-09-25

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person DEMARTINI RICHARD M 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) (Last) (First) (Middle) C/O CRESTVIEW PARTNERS, 667 MADISON AVENUE, 10TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 09/25/2012 (Street) NEW YORK, NY10065 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 09/25/2012 A 0 ( 1 ) A $ 16.92 0 ( 2 ) ( 3 ) I See footnotes ( 2 ) ( 3 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other DEMARTINI RICHARD M C/O CRESTVIEW PARTNERS 667 MADISON AVENUE, 10TH FLOOR NEW YORK, NY10065 X Signatures /s/ Ross A. Oliver, attorney-in-fact 09/27/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reporting person is a Managing Director of Crestview, L.L.C. which is the general partner of Crestview Partners II GP, L.P. which serves as the general partner of Crestview Partners II, L.P., Crestview Partners II (FF), L.P., Crestview Partners II (TE), L.P., Crestview Offshore Holdings II (Cayman), L.P., Crestview Offshore Holdings II (FF Cayman), L.P. and Crestview Offshore Holdings II (892 Cayman), L.P. (collectively, the "Crestview Funds"). Crestview Advisors, L.L.C. provides investment advisory and management services to the Crestview Funds, and each of the Crestview Funds is a member of Crestview-NAFH, LLC which, on September 25, 2012, acquired 886,525 shares of Class A Common Stock of the issuer. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. ( 2 )Each of Crestview Partners II GP, L.P. and the Crestview Funds may be deemed to have beneficial ownership of the 12,121,448 shares of Class A and Class B Non-Voting Common Stock of the issuer ("Common Stock") directly owned by Crestview-NAFH, LLC and the reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. ( 3 )The reporting person is a member of the board of directors of the issuer and is a Managing Director of Crestview Advisors, L.L.C., which has beneficial ownership of 25,000 restricted shares of Class A Common Stock received in respect of service by the reporting person on the issuer's board of directors. Crestview Advisors, L.L.C. provides investment advisory and management services to the Crestview Funds which are the indirect owners, through Crestview-NAFH, LLC, of Common Stock as disclosed in footnotes (1) and (2). The reporting person disclaims beneficial ownership of the securities beneficially owned by Crestview Advisors, L.L.C. except to the extent of his pecuniary interest therein.

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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