Exhibit 10.3.4



 Exhibit 10.3.4 
 CAPITAL ONE FINANCIAL CORPORATION 
 2004 Stock Incentive Plan 

Restricted Stock Unit Award Agreement 
 No. of Units: %%TOTAL_SHARES_GRANTED%-% 
 THIS RESTRICTED STOCK UNIT AWARD
AGREEMENT (this “Agreement”), dated May 11, 2011 (the “Date of Grant”), between CAPITAL ONE FINANCIAL CORPORATION, a Delaware corporation (“Capital One” or the “Company”), and %%FIRST_NAME%-%
%%LAST_NAME%-% (“you”), is made pursuant and subject to the provisions of the Company’s 2004 Stock Incentive Plan, as amended and restated (the “Plan”). All capitalized terms used herein that are defined in the Plan
shall have the same meaning given them in the Plan unless otherwise defined herein: 
 W I T N E S S E T H: 

1. Grant of Restricted Stock Units. Pursuant and subject to the terms and conditions set forth in this Agreement and in the Plan,
Capital One hereby grants to you 3,206 Restricted Stock Units (the “Share Units”). The Share Units shall vest, and the shares of common stock of the Company, $.01 par value per share, underlying the Share Units shall be issuable, only in
accordance with the provisions of this Agreement and of the Plan. 
 2. Non-Transferability. Subject to the provisions of
Section 3 hereof, the rights represented by the Share Units and the underlying Shares related thereto shall not be assignable or transferable, or otherwise alienated or pledged or hypothecated or otherwise encumbered under any circumstances.
Any purported or attempted assignment, transfer, alienation, pledge, hypothecation or encumbrance of such rights or of the Share Units or the underlying Shares related thereto prior to their issuance to you shall be null and void and shall result in
the immediate forfeiture of such rights or Share Units, including the underlying Shares, and cancellation of this Agreement. 

3. Issuance of Common Stock. 
 (a) Vesting. Except as provided in Sections 3(b) and 3(c) below, all Share Units shall, to the extent not previously vested or forfeited as provided herein, vest on the first anniversary of the
Date of Grant (the “Vesting Date”); provided, however, that the underlying Shares shall not be issued to you or be assignable or transferable by you until the date of termination of your service as a Director of the Company (the
“Termination Date”), as provided in Sections 3(b) and 3(c) below. 
 The vesting of the Share Units and
the issuance of the underlying Shares shall be subject to Sections 6 through Section 9 of this Agreement. 

(b) Effect of Termination of Service. Upon your termination of service as a Director of the Company for any reason
other than by removal for cause, all Share Units shall, to the extent not previously vested or forfeited as provided herein, immediately vest, and the underlying Shares shall immediately be issuable to you in full without restrictions on
transferability. Upon your termination of service as a Director by removal for cause, all Share Units and the underlying Shares, including any Shares accrued in connection with the payment of dividends as provided in Section 5 below, shall
immediately be forfeited, whether or not previously vested. 







 (c) Effect of Change of Control. Upon a Change of Control, the Share
Units shall, to the extent not previously vested or forfeited as provided herein, immediately vest, and the underlying Shares shall be issuable to you in full without restrictions on transferability on the closing date of the transaction giving rise
to the Change of Control. In order to comply with Section 409A of the Internal Revenue Code, as amended, for purposes of this Section 3(c), Change of Control shall be defined as set forth in Treasury Regulation section 1.409A-3(i)(5).

 4. Modification and Waiver. Except as provided in the Plan with respect to determinations of the Board of Directors or
the Committee and subject to the Committee’s right to amend the Plan, neither this Agreement nor any provision hereof can be changed, modified, amended, discharged, terminated or waived orally or by any course of dealing or purported course of
dealing, but only by an agreement in writing signed by you and the Company; provided that changes, modifications and amendments not detrimental to you may be made in writing signed only by the Company. No such agreement shall extend to or affect any
provision of this Agreement not expressly changed, modified, amended, discharged, terminated or waived or impair any right consequent on such a provision. The waiver of or failure to enforce any breach of this Agreement shall not be deemed to be a
waiver or acquiescence in any other breach thereof. 
 5. Dividends. Dividends with respect to the Share Units shall
accrue beginning on the Date of Grant through the Termination Date, at which time such accrued dividends shall be paid out in the form of additional Shares based on the Fair Market Value, of a Share on the business day prior to the Termination Date.
The accrued dividends that shall be paid out to you shall be only such amount that has accrued with respect to the underlying Shares that vest on the Vesting Date or as described in Section 3(b) or 3(c) above. 

6. Governing Law. This Agreement shall be governed by federal law and, to the extent not preempted thereby, by the laws of the
State of Delaware. 
 7. Conflicts. In the event of any conflict between the provisions of the Plan as in effect on the
Date of Grant and the provisions of this Agreement, except terms otherwise defined herein, the provisions of the Plan shall govern. All references herein to the Plan shall mean the Plan as in effect on the date hereof. 

8. Bound by Plan. In consideration of this grant of Share Units, you agree that you will comply with such conditions as the Board
of Directors and the Committee may impose on the Share Units and be bound by the terms of the Plan. 
 9. Binding Effect.
This Agreement shall be binding upon, enforceable against and inure to the benefit of you and your legatees, distributees and personal representatives, and the Company and its successors and assigns. 

You represent that you are familiar with the terms of the Plan and have had the opportunity to ask questions and receive answers concerning the terms and
conditions of the Share Units. As a condition of this award and your right to receive Share Units and the underlying Shares, you must accept this Agreement. By doing so, you confirm the accuracy of the statement set forth in the first sentence of
this paragraph and evidence your acceptance of and agreement to be bound by the terms of this Agreement and the Plan. 







 IN WITNESS WHEREOF, CAPITAL ONE FINANCIAL CORPORATION has caused this Agreement to be signed on its behalf,
and you have affixed your signature hereto. 
  

	
	CAPITAL ONE FINANCIAL CORPORATION
	
	  

	 Mayo Shattuck III

	 Chairman, Compensation Committee