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

1. Name and Address of Reporting Person *

REID JOSEPH D 		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)
Chairman and CEO
(Last)          (First)          (Middle)

200 N. WASHINGTON SQUARE 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/22/2009
(Street)

LANSING, MI 48933
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. 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
Common Stock                  24561.704   I   401k  
Common Stock                  120573   I   IRA  
Common Stock                  37744   I   Wife/IRA  
Common Stock   12/22/2009     S    18600   D $2.00   881332   D  
 
Common Stock   12/22/2009     S    2300   D $2.01   879032   D  
 
Common Stock   12/22/2009     S    2100   D $2.02   876932   D  
 
Common Stock   12/22/2009     S    1700   D $2.03   875232   D  
 
Common Stock   12/22/2009     S    300   D $2.04   874932   D  
 
Common Stock                  5000   D  
 

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
Option (right to buy)   $16.40   (1)                  9/30/2002   (1) 6/30/2009   (1) Common Stock   288111     288111   D  
 
Option (right to buy)   $27.04                    11/6/2003   11/6/2010   Common Stock   60000     60000   D  
 
Option (right to buy)   $27.22                    1/7/2004   12/31/2010   Common Stock   70285     70285   D  
 
Option (right to buy)   $25.27                    5/25/2004   5/25/2011   Common Stock   60000     60000   D  
 
Option (right to buy)   $25.86                    8/5/2004   8/5/2011   Common Stock   30000     30000   D  
 
Option (right to buy)   $32.98                    11/15/2004   9/23/2010   Common Stock   132816     132816   D  
 
Option (right to buy)   $34.31                    6/1/2005   1/10/2012   Common Stock   30000     30000   D  
 
Option (right to buy)   $31.86                    5/5/2005   5/5/2012   Common Stock   30000     30000   D  
 
Option (right to buy)   $32.03                    6/29/2005   6/29/2012   Common Stock   270000     270000   D  
 
Option (right to buy)   $37.48                    12/30/2005   12/30/2012   Common Stock   258000     258000   D  
 
Option (right to buy)   $22.46                    8/1/2008   8/1/2014   Common Stock   50000     50000   D  
 
Option (right to buy)   $22.46                    8/1/2009   8/1/2014   Common Stock   50000     50000   D  
 
Option (right to buy)   $22.46                    8/1/2010   8/1/2014   Common Stock   50000     50000   D  
 
Options (right to buy)   $2.01                    11/16/2009   11/16/2014   Common Stock   71428     71428   D  
 

Explanation of Responses:
( 1)  The options have exercise prices varying from $16.40 to $23.37, exercisable dates between 4/1/2000 to 7/31/2003, and expiration dates of 11/19/2009 to 3/15/2012.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
REID JOSEPH D
200 N. WASHINGTON SQUARE
LANSING, MI 48933 		X
Chairman and CEO

Signatures
Joseph D. Reid 12/22/2009
** 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 control number.
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