SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 31, 2017
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CAPITAL PROPERTIES, INC.
(Exact name of registrant as specified in its charter)
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Rhode Island
(State or other jurisdiction of incorporation)
 
 
001-08499
05-0386287
 
 
(Commission File Number)
(IRS Employer Identification Number)
 
 
 
100 Dexter Road, East Providence, Rhode Island 02914
(Address of principal executive offices)

(401) 435-7171
(Registrant's telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
     CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
     CFR 240.13e-4(c))





Item 5.02(e).          Compensatory Arrangements of Certain Officers
On March 31, 2017, the Compensation Committee of Capital Properties, Inc. (the "Company") approved a bonus for the Company's Treasurer, Barbara J. Dreyer, in the amount of $50,000 for her work in connection with the preparation of the Company's financial statement for the period ending December 31, 2016.



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  CAPITAL PROPERTIES, INC.  
       
Date  April 4, 2017
By:
/s/ Stephen J. Carlotti  
    Stephen J. Carlotti  
    Secretary