4//SEC Filing
FORGOTSON MERRILL J 4
Accession 0001239388-05-000001
CIK 0001079385other
Filed
Jan 6, 7:00 PM ET
Accepted
Jan 7, 12:21 PM ET
Size
22.9 KB
Accession
0001239388-05-000001
Insider Transaction Report
Form 4
FORGOTSON MERRILL J
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Non employee stock option - right to buy
2005-01-06$16.01/sh−6,050$96,873→ 0 total(indirect: By Spouse)Exercise: $16.01From: 1997-12-31Exp: 2007-12-31→ Common Stock (6,050 underlying) - Will/Inheritance
Common Stock
2005-01-06$16.01/sh+6,050$96,873→ 11,017.51 total(indirect: By Spouse) - Exercise/Conversion
Non employee stock option - right to buy
2005-01-06$12.40/sh−3,025$37,501→ 6,050 total(indirect: By Spouse)Exercise: $12.40From: 1997-05-21Exp: 2007-05-21→ Common Stock (3,025 underlying) - Will/Inheritance
Non employee stock option - right to buy
2005-01-06$12.40/sh+3,025$37,501→ 3,025 total(indirect: By Spouse)Exercise: $12.40From: 1997-05-21Exp: 2007-05-21→ Common Stock (3,025 underlying) - Will/Inheritance
Non employee stock option - right to buy
2005-01-06$16.01/sh+6,050$96,873→ 9,075 total(indirect: By Spouse)Exercise: $16.01From: 1997-12-31Exp: 2007-12-31→ Common Stock (6,050 underlying) - Will/Inheritance
Common Stock
2005-01-06$12.40/sh+3,025$37,501→ 4,967.51 total(indirect: By Spouse)
Holdings
- 24,200
Employee Stock Option - right to buy
Exercise: $14.54From: 2002-01-02Exp: 2012-01-02→ Common Stock (2,200 underlying) - 26,200
Employee Stock Option - right to buy
Exercise: $20.30From: 2004-01-02Exp: 2014-01-02→ Common Stock (2,000 underlying) - 7,700
Common Stock
- 60(indirect: By Children)
Common Stock
- 1,251.987(indirect: By Spouse)
Common Stock
- 22,000
Employee Stock Option - right to buy
Exercise: $13.64From: 2001-05-29Exp: 2011-05-29→ Common Stock (22,000 underlying)
Footnotes (3)
- [F1]Contemporaneous transfer and exercise of non-qualified stock options to Janis Forgotson, wife of Merrill J. Forgotson, from the estate of her father, Norman H. Reader, who passed away on 1/8/2004.
- [F2]The reporting person received 33.414 shares of common stock as a result of participation in the Bancorp's plan for reinvestment of dividends.
- [F3]The reporting person received 21.536 shares of common stock as a result of participation in the Bancorp's plan for reinvestment of dividends.
Documents
Issuer
CORNERSTONE BANCORP INC
CIK 0001079385
Entity typeother
Related Parties
1- filerCIK 0001239388
Filing Metadata
- Form type
- 4
- Filed
- Jan 6, 7:00 PM ET
- Accepted
- Jan 7, 12:21 PM ET
- Size
- 22.9 KB