FORGOTSON MERRILL J 4

4 · CORNERSTONE BANCORP INC · Filed Aug 8, 2005

Form 4

Period: 2005-08-04

DirectorPresident & CEO

Transactions

Exercise/Conversion
Employee stock option - right to buy
2005-08-04$13.64/sh−15,000$204,540→ 7,000 total
Exercise: $13.64From: 2001-05-29Exp: 2011-05-29→ Common stock (15,000 underlying)
Exercise/Conversion
Common stock
2005-08-04$13.64/sh+15,000$204,540→ 22,700 total

Holdings

Employee stock option - right to buy
Exercise: $20.30From: 2004-01-02Exp: 2014-01-02→ Common stock (2,000 underlying)
11,200
Common stock
(indirect: By Children)
60
Common Stock
(indirect: By Spouse)
1,260
Common stock
(indirect: By Trust)
10,398
Common Stock
(indirect: By Spouse)
11,060
Employee Stock option - right to buy
Exercise: $14.54From: 2002-01-02Exp: 2012-01-02→ Common stock (2,200 underlying)
9,200

Footnotes (3)

[F1]During 2005 the reporting persons received 8.221 shares of common stock as a result of participation in the Bancorp's plan for the reinvestment of dividends. In May 2005, 0.21 shares of common stock were converted to cash as a result of the termination of the Bancorp's plan for the reinvestment of dividends.
[F2]During 2005 the reporting person received 43.23 shares of common stock as a result of participation in the Bancorp's plan for the reinvestment of dividends. In May 2005, 0.74 shares of common stock were converted to cash as a result of the termination of the Bancorp's plan for the reinvestment of dividends.
[F3]During 2005 the reporting person received 67.84 shares of common stock as a result of participation in the Bcorp's plan for the reinvestment of dividends. In May 2005, 0.83 shares of common stock were converted to cash as a result of termination of the Bancorp's plan for the reinvestment of dividends.

Documents

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