Sec Form 4 Filing - Crestview Partners II GP, L.P. @ Capital Bank Financial Corp. - 2017-09-18

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

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person Crestview Partners II GP, L.P. 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) 09/18/2017 (Street) NEW YORK, NY10065 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ 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 09/18/2017 S 10,270 ( 1 ) D $ 38 2,573,490 ( 4 ) I See footnotes ( 4 ) ( 5 ) ( 6 ) Class B Non-Voting Common Stock 09/18/2017 S 2,489,730 ( 2 ) D $ 38 7,072,958 ( 4 ) I See footnotes ( 4 ) ( 5 ) ( 6 ) Class A Common Stock 09/19/2017 S 2,230 ( 1 ) D $ 38.1 2,571,260 ( 4 ) I See footnotes ( 4 ) ( 5 ) ( 6 ) Class B Non-Voting Common Stock 09/19/2017 S 540,632 ( 2 ) D $ 38.1 6,532,326 ( 4 ) I See footnotes ( 4 ) ( 5 ) ( 6 ) Class A Common Stock 09/19/2017 M 25,000 ( 3 ) A $ 20 2,596,260 ( 4 ) I See footnotes ( 4 ) ( 5 ) ( 6 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Securit y (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 Stock Option ( 3 ) $ 20 09/19/2017 M 25,000 ( 3 ) 12/22/2019 Class A Common Stock 25,000 $ 0 0 I See footnotes ( 4 ) ( 5 ) ( 6 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Crestview Partners II GP, L.P. C/O CRESTVIEW PARTNERS 667 MADISON AVENUE, 10TH FLOOR NEW YORK, NY10065 X Crestview-NAFH, LLC C/O CRESTVIEW PARTNERS 667 MADISON AVENUE, 10TH FLOOR NEW YORK, NY10065 X CRESTVIEW PARTNERS II LP C/O CRESTVIEW PARTNERS 667 MADISON AVENUE, 10TH FL NEW YORK, NY10065 X CRESTVIEW PARTNERS II (FF) LP C/O CRESTVIEW PARTNERS 667 MADISON AVENUE, 10TH FL NEW YORK, NY10065 X CRESTVIEW PARTNERS II (TE) LP C/O CRESTVIEW PARTNERS 667 MADISON AVENUE, 10 FL NEW YORK, NY10065 X CRESTVIEW OFFSHORE HOLDINGS II (CAYMAN) LP C/O CRESTVIEW PARTNERS 667 MADISON AVENUE, 10TH FL NEW YORK, NY10065 X CRESTVIEW OFFSHORE HOLDINGS II (FF CAYMAN) LP C/O CRESTVIEW PARTNERS 667 MADISON AVENUE, 10TH FL NEW YORK, NY10065 X Crestview Offshore Holdings II (892 Cayman), L.P. C/O CRESTVIEW PARTNERS 667 MADISON AVENUE, 10TH FL NEW YORK, NY10065 X Crestview Advisors, L.L.C. C/O CRESTVIEW PARTNERS 667 MADISON AVENUE, 10TH FL NEW YORK, NY10065 X Signatures By: Crestview, L.L.C., the general partner of the Designated Filer, By: /s/ Ross A. Oliver, General Counsel 09/20/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Reflects the sale by Crestview Advisors, L.L.C., of 10,270 shares of Class A Common Stock of the Issuer ("Class A Shares") on September 18, 2017 and 2,230 Class A Shares on September 19, 2017. ( 2 )Reflects the sale by Crestview-NAFH, LLC, of 2,489,730 shares of Class B Non-Voting Common Stock of the Issuer ("Class B Shares" and, together with Class A Shares, "Common Stock") on September 18, 2017 and 540,632 Class B Shares on September 19, 2017, in each case that were directly held Crestview-NAFH, LLC. ( 3 )Reflects the exercise of stock options to purchase 25,000 Class A Shares granted by the Issuer to Crestview Advisors, L.L.C. on March 16, 2011 in respect of service on the Issuer's Board of Directors by Richard M. DeMartini, a Managing Director of Crestview Advisors, L.L.C. The stock options previously vested in two equal installments on each of December 22, 2011 and December 22, 2012. ( 4 )Crestview-NAFH, LLC directly beneficially owns 2,558,760 Class A Shares and 6,532,326 Class B Shares. Each of Crestview Partners II GP, L.P., 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. may be deemed to have beneficial ownership of the 9,091,086 shares of Common Stock directly owned by Crestview-NAFH, LLC. Crestview Advisors, L.L.C. directly beneficially owns 37,500 Class A Shares received in respect of service on the Issuer's board of directors by Mr. DeMartini. ( 5 )Crestview Partners II GP, L.P. is the general partner of each 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"). Each of the Crestview Funds is a member of Crestview-NAFH, LLC. Crestview Advisors, L.L.C. provides investment advisory and management services to the Crestview Funds. ( 6 )Each reporting person disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.

Remarks: See Exhibit 99.1 for the signatures of each of the Reporting Persons other than the Designated Filer.

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.