Edgar Filing: CAPITAL TRUST INC

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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3235-0287

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January 31, 2005

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

ZELL SAMUEL

2. Issuer Name and Ticker or Trading Symbol
CAPITAL TRUST INC [CT]

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)

TWO NORTH RIVERSIDE PLAZA

3. Date of Earliest Transaction (Month/Day/Year)
08/02/2007

(Street)

CHICAGO,, IL 60606

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)
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		2,300	A	$ 32.4	33,500	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		1,500	A	$ 32.41	35,000	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		100	A	$ 32.42	35,100	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		1,800	A	$ 32.45	36,900	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		100	A	$ 32.47	37,000	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		100	A	$ 32.48	37,100	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		5,900	A	$ 32.5	43,000	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		1,500	A	$ 32.51	44,500	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		1,800	A	$ 32.52	46,300	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		1,100	A	$ 32.53	47,400	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		400	A	$ 32.54	47,400	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		1,200	A	$ 32.55	49,000	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		100	A	$ 32.57	49,100	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		2,500	A	$ 32.58	51,600	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		300	A	$ 32.59	51,900	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		5,400	A	$ 32.6	57,300	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		300	A	$ 32.62	57,600	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		700	A	$ 32.63	58,300	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		1,800	A	$ 32.65	60,100	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		300	A	$ 32.67	60,400	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		300	A	$ 32.68	60,700	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		3,700	A	$ 32.7	64,400	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		1,500	A	$ 32.72	65,900	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		100	A	$ 32.73	66,000	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		600	A	$ 32.74	66,600	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		2,600	A	$ 32.75	69,200	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		100	A	$ 32.76	69,300	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		200	A	$ 32.78	69,500	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		1,700	A	$ 32.8	71,200	I	See footnote ⁽³⁾
Class A Common Stock ⁽¹⁾ ⁽²⁾	08/02/2007		P		1,300	A	$ 32.83	72,500	I	See footnote ⁽³⁾

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

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
ZELL SAMUEL TWO NORTH RIVERSIDE PLAZA CHICAGO,, IL 60606	X

Signatures

/s/ Geoffrey G. Jervis, on behalf of Samuel Zell		08/03/2007
^**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)	The Helen Zell Revocable Trust ("HZRT") beneficially owns 10,000 shares of Class A Common Stock. Samuel Zell's spouse, Helen Zell, is the trustee of the HZRT. Samuel Zell disclaims beneficial ownership of the shares reported as beneficially owned by him except to the extent of his pecuniary interest therein.
(2)	The reporting person directly beneficially owns 20,873 Class A Common Stock Units which convert to shares of Class A Common Stock on a one-for-one basis.
(3)	Shares reported herein are beneficially owned by the Zell Family Foundation (the "Foundation"). Mr. Zell is a director of the Foundation but does not have voting or dispositive power over, or a pecuniary interest in, such shares, and thus disclaims beneficial ownership thereof.

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