Edgar Filing: CAPITAL ONE FINANCIAL CORP

Ownership Submission

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

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

FAIRBANK RICHARD D

2. Issuer Name and Ticker or Trading Symbol
CAPITAL ONE FINANCIAL CORP [COF]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chairman, CEO and President

(Last)

(First)

(Middle)

1680 CAPITAL ONE DRIVE

3. Date of Earliest Transaction (Month/Day/Year)
05/02/2007

(Street)

MCLEAN, VA 22102

4. If Amendment, Date Original Filed(Month/Day/Year)

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 (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock ⁽¹⁾	05/02/2007		S		300	D	$ 74.17	2,207,256	D
Common Stock								107,502	I	By Fairbank Morris Inc.
Common Stock ⁽¹⁾	05/02/2007		M		10,739	A	$ 16.25	2,216,995	D
Common Stock ⁽¹⁾	05/02/2007		S		100	D	$ 73.62	2,216,895	D
Common Stock ⁽¹⁾	05/02/2007		S		100	D	$ 73.81	2,216,795	D
Common Stock ⁽¹⁾	05/02/2007		S		100	D	$ 73.82	2,216,695	D
Common Stock ⁽¹⁾	05/02/2007		S		100	D	$ 73.87	2,216,595	D
Common Stock ⁽¹⁾	05/02/2007		S		100	D	$ 73.89	2,216,495	D
Common Stock ⁽¹⁾	05/02/2007		S		100	D	$ 73.94	2,216,395	D
Common Stock ⁽¹⁾	05/02/2007		S		100	D	$ 73.95	2,216,295	D
Common Stock ⁽¹⁾	05/02/2007		S		100	D	$ 73.97	2,216,195	D
Common Stock ⁽¹⁾	05/02/2007		S		300	D	$ 73.98	2,215,895	D
Common Stock ⁽¹⁾	05/02/2007		S		400	D	$ 73.99	2,215,495	D
Common Stock ⁽¹⁾	05/02/2007		S		300	D	$ 74	2,215,195	D
Common Stock ⁽¹⁾	05/02/2007		S		300	D	$ 74.01	2,214,895	D
Common Stock ⁽¹⁾	05/02/2007		S		100	D	$ 74.02	2,214,795	D
Common Stock ⁽¹⁾	05/02/2007		S		500	D	$ 74.03	2,214,295	D
Common Stock ⁽¹⁾	05/02/2007		S		1,000	D	$ 74.04	2,213,295	D
Common Stock ⁽¹⁾	05/02/2007		S		1,100	D	$ 74.05	2,212,195	D
Common Stock ⁽¹⁾	05/02/2007		S		500	D	$ 74.06	2,211,695	D
Common Stock ⁽¹⁾	05/02/2007		S		739	D	$ 74.07	2,210,956	D
Common Stock ⁽¹⁾	05/02/2007		S		200	D	$ 74.08	2,210,756	D
Common Stock ⁽¹⁾	05/02/2007		S		600	D	$ 74.09	2,210,156	D
Common Stock ⁽¹⁾	05/02/2007		S		700	D	$ 74.1	2,209,456	D
Common Stock ⁽¹⁾	05/02/2007		S		400	D	$ 74.11	2,209,056	D
Common Stock ⁽¹⁾	05/02/2007		S		400	D	$ 74.12	2,208,656	D
Common Stock ⁽¹⁾	05/02/2007		S		200	D	$ 74.13	2,208,456	D
Common Stock ⁽¹⁾	05/02/2007		S		400	D	$ 74.14	2,208,056	D
Common Stock ⁽¹⁾	05/02/2007		S		200	D	$ 74.15	2,207,856	D
Common Stock ⁽¹⁾	05/02/2007		S		300	D	$ 74.16	2,207,556	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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
(Month/Day/Year)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (Right to Buy)

$ 16.25

05/02/2007

10,739

⁽²⁾

12/17/2007

Common Stock

10,739

$ 16.25

912,881

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
FAIRBANK RICHARD D 1680 CAPITAL ONE DRIVE MCLEAN, VA 22102	X		Chairman, CEO and President

Signatures

By: Frederick L. Williams (POA on file)		05/04/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	This transaction was executed pursuant to a trading plan entered into by the Reporting Person on February 1, 2007, in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
(2)	This option became exercisable upon stockholder approval on April 23, 1998, since the performance-based vesting criteria of the option was satisfied on April 16, 1998, the date on which the trading price of the Common Stock first exceeded $84.00 (pre-stock split) for at least ten trading days in any thirty calendar-day period. This requirement had to be satisfied on or before the third anniversary of the grant date of this option.

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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