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 *
KLANE LARRY A
   2. Issuer Name and Ticker or Trading Symbol
CAPITAL ONE FINANCIAL CORP [COF] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Pdt, Global Financial Services
(Last)
(First)
(Middle)
1680 CAPITAL ONE DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
03/01/2007
(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)
Code V Amount (A) or (D) Price
Common Stock (1) 03/01/2007   S   159 D $ 75.35 4,809 I By spouse
Common Stock (1) 03/01/2007   S   343 D $ 76.27 4,466 I By spouse
Common Stock (1) 03/01/2007   S   282 D $ 76.99 4,184 I By spouse
Common Stock 03/02/2007   A(2)   13,640 A $ 0 50,204 D  
Common Stock 03/02/2007   A(3)   1,090 A $ 0 5,274 I By spouse
Common Stock 03/03/2007   F(4)   1,077 D $ 76.79 49,127 D  
Common Stock 03/03/2007   F(5)   138 D $ 76.79 5,136 I By spouse

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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock $ 76.79 03/02/2007   A   80,800     (6) 03/01/2017 Common Stock 80,800 $ 0 80,800 D  
Common Stock $ 76.79 03/02/2007   A   1,440     (6) 03/01/2017 Common Stock 1,440 $ 0 1,440 I By spouse

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KLANE LARRY A
1680 CAPITAL ONE DRIVE
MCLEAN, VA 22102		       Pdt, Global Financial Services  

Signatures

 /s/ Tangela S. Richter (POA on file) for Larry A. Klane   03/05/2007
**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) These transactions were executed pursuant to a trading plan entered into by the reporting person's spouse on February 12, 2007, in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
(2) This grant of restricted stock will vest in the following manner: 25% of the shares will vest on March 2, 2008, provided that the issuer achieves a determined earnings per share for 2007; 25% will vest on March 2, 2009 and the remaining 50% will vest on March 2, 2010.
(3) This grant of restricted stock will vest in the following manner: 25% of the shares will vest on March 2, 2008, 25% will vest on March 2, 2009 and the remaining 50% will vest on March 2, 2009 and the remaining 50% will vest on March 2, 2010.
(4) Represents the automatic withholding by the issuer to satisfy the reporting person's tax obligation associated with the vesting of restricted stock granted on March 3, 2006. This is authorized in the applicable restricted stock award agreement.
(5) Represents the automatic withholding by the issuer to satisfy the reporting person's spouse tax obligation associated with the vesting of restricted stock granted on March 3, 2006. This is authorized in the applicable restricted stock award agreement.
(6) This option becomes exercisable in 33 1/3% increments beginning on March 2, 2008 and annually thereafter.

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