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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

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/YYYY)

9/18/2017
(Street)

NEW YORK, NY 10065
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   9/18/2017     S    10270   (1) D $38.00   2573490   (4) I   See footnotes   (4) (5) (6)
Class B Non-Voting Common Stock   9/18/2017     S    2489730   (2) D $38.00   7072958   (4) I   See footnotes   (4) (5) (6)
Class A Common Stock   9/19/2017     S    2230   (1) D $38.10   2571260   (4) I   See footnotes   (4) (5) (6)
Class B Non-Voting Common Stock   9/19/2017     S    540632   (2) D $38.10   6532326   (4) I   See footnotes   (4) (5) (6)
Class A Common Stock   9/19/2017     M    25000   (3) A $20.00   2596260   (4) I   See footnotes   (4) (5) (6)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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   9/19/2017     M         25000      (3) 12/22/2019   Class A Common Stock   25000   $0   0   I   See footnotes   (4) (5) (6)

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.

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, NY 10065
X


Crestview-NAFH, LLC
C/O CRESTVIEW PARTNERS
667 MADISON AVENUE, 10TH FLOOR
NEW YORK, NY 10065
X


CRESTVIEW PARTNERS II LP
C/O CRESTVIEW PARTNERS
667 MADISON AVENUE, 10TH FL
NEW YORK, NY 10065
X


CRESTVIEW PARTNERS II (FF) LP
C/O CRESTVIEW PARTNERS
667 MADISON AVENUE, 10TH FL
NEW YORK, NY 10065
X


CRESTVIEW PARTNERS II (TE) LP
C/O CRESTVIEW PARTNERS
667 MADISON AVENUE, 10 FL
NEW YORK, NY 10065
X


CRESTVIEW OFFSHORE HOLDINGS II (CAYMAN) LP
C/O CRESTVIEW PARTNERS
667 MADISON AVENUE, 10TH FL
NEW YORK, NY 10065
X


CRESTVIEW OFFSHORE HOLDINGS II (FF CAYMAN) LP
C/O CRESTVIEW PARTNERS
667 MADISON AVENUE, 10TH FL
NEW YORK, NY 10065
X


Crestview Offshore Holdings II (892 Cayman), L.P.
C/O CRESTVIEW PARTNERS
667 MADISON AVENUE, 10TH FL
NEW YORK, NY 10065
X


Crestview Advisors, L.L.C.
C/O CRESTVIEW PARTNERS
667 MADISON AVENUE, 10TH FL
NEW YORK, NY 10065
X



Signatures
By: Crestview, L.L.C., the general partner of the Designated Filer, By: /s/ Ross A. Oliver, General Counsel 9/20/2017
** 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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