READER PAUL H 4
4 · CORNERSTONE BANCORP INC · Filed Jul 15, 2005
Insider Transaction Report
Form 4
READER PAUL H
DirectorSenior Vice President
Transactions
- Exercise/Conversion
Common Stock
2005-07-13$8.99/sh+1,513$13,599→ 42,873 total - Exercise/Conversion
Employee Stock Option - right to buy
2005-07-13$8.68/sh−23,595$204,757→ 0 totalExercise: $8.68From: 1995-07-19Exp: 2005-07-19→ Common Stock (23,595 underlying) - Exercise/Conversion
Common Stock
2005-07-13$8.68/sh+23,595$204,757→ 41,360 total - Exercise/Conversion
Employee Stock Option - right to buy
2005-07-13$8.68/sh−7,865$68,252→ 0 totalExercise: $8.68From: 1995-07-19Exp: 2005-07-19→ Common Stock (7,865 underlying) - Exercise/Conversion
Employee Stock Option - right to buy
2005-07-13$8.99/sh−1,513$13,599→ 0 totalExercise: $8.99From: 1996-02-21Exp: 2006-02-21→ Common Stock (1,513 underlying) - Exercise/Conversion
Common Stock
2005-07-13$8.68/sh+7,865$68,252→ 50,738 total
Holdings
- 10,398(indirect: By Trust)
Common Stock
- 1,513
Employee Stock Option - right to buy
Exercise: $12.40From: 1997-05-21Exp: 2007-05-21→ Common Stock (1,513 underlying) - 16,033
Employee Stock Option - right to buy
Exercise: $16.01From: 1997-12-31Exp: 2007-12-31→ Common Stock (14,520 underlying) - 1,210(indirect: By Spouse)
Common Stock
- 885(indirect: Custodian for minor)
Common Stock
- 17,133
Employee Stock Option - right to buy
Exercise: $14.54From: 2002-01-02Exp: 2012-01-02→ Common Stock (1,100 underlying) - 19,133
Employee Stock Option - right to buy
Exercise: $20.30From: 2004-01-02Exp: 2014-01-02→ Common Stock (2,000 underlying)
Footnotes (3)
- [F1]Approximately 0.74 fractional shares of common stock were converted to cash as a result of the termination of the Bancorp's plan for the reinvestment of dividends in May 2005.
- [F2]Approximately 0.837 fractional shares of common stock were converted to cash as a result of the termination of the Bancorp's plan for the inrevestment of dividends in May 2005.
- [F3]Approximately 0.83 fractional shares of common stock were converted to cash as a result of the termination of the Bancorp's plan for the reinvestment of dividends in May 2005.