JONES GREGORY B 4
4 · CORNERSTONE BANCSHARES INC · Filed May 3, 2005
Insider Transaction Report
Form 4
JONES GREGORY B
DirectorChairman & CEO
Transactions
- Award
Stock Options
2005-03-01$18.45/sh+9,000$166,050→ 91,600 totalExercise: $8.90From: 2007-03-01Exp: 2015-03-01→ Cornerstone Bancshaes, Inc. (9,000 underlying)
Holdings
- 14,700
Common Stock
- 32,500(indirect: By IRA)
Common Stock
- 2,800(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]Exercise price ranges from $6.50 to $18.45
- [F2]Exercise date is determined by four year vesting schedule, 30% the second year, 30% the 3rd year, and 40% the 4th year
- [F3]The expiration dates of the options range from 03/01/2009 to 03/01/2015