MCLEAN, Va.--(BUSINESS WIRE)--Nov. 13, 2009--
Richard D. Fairbank, Chairman and Chief Executive Officer of Capital One
Financial Corporation (NYSE:COF), today announced that he has adopted a
pre-arranged stock trading plan (the “Plan”) to exercise approximately
3.4 million options to purchase Capital One stock and to sell the shares
of common stock issued upon exercise of the options. The Plan covers
options that were granted as compensation to Fairbank in October 2001 in
lieu of any base salary, cash bonus or other long-term incentives for
performance in 2002 and 2003. The options will expire in October 2011.
The transactions under the Plan are expected to occur at predetermined
times beginning in July 2010 and will be disclosed publicly as they
occur in Form 144 and Form 4 filings with the Securities and Exchange
Commission.
The stock-trading plan was established under Rule 10b5-1 of the
Securities Exchange Act of 1934.
About Capital One
Capital One Financial Corporation (www.capitalone.com)
is a financial holding company whose subsidiaries, which include Capital
One, N.A. and Capital One Bank (USA), N. A., had $114.5 billion in
deposits and $209.7 billion in total managed assets outstanding as of
September 30, 2009. Headquartered in McLean, Virginia, Capital One
offers a broad spectrum of financial products and services to consumers,
small businesses and commercial clients. Capital One, N.A. has
approximately 1,000 branch locations primarily in New York, New Jersey,
Texas, Louisiana, Maryland, Virginia, and the District of Columbia. A
Fortune 500 company, Capital One trades on the New York Stock Exchange
under the symbol "COF" and is included in the S&P 100 index.
Source: Capital One Financial Corporation
Capital One Financial Corporation
Investor Relations
Jeff
Norris, 703-720-2455
Danielle Dietz, 703-720-2455
or
Media
Relations
Tatiana Stead, 703-720-2352
Julie Rakes,
804-284-5800