CORNERSTONE BANCSHARES INC 4
4 · CORNERSTONE BANCSHARES INC · Filed Sep 13, 2006
Insider Transaction Report
Form 4
PAYNE DOYCE G MD
Director
Transactions
- Sale
Common Stock
2006-09-13$26.00/sh−200$5,200→ 75,780 total - Sale
Common Stock
2006-09-13$25.70/sh−400$10,280→ 75,380 total
Holdings
- 6,000(indirect: By Spouse)
Common Stock
- 2,000
Stock Options
[F1]Exercise: $26.50From: 2007-03-01Exp: 2016-03-01→ Cornerstone Bancshares, Inc. (2,000 underlying) - 1,000
Stock Options
[F1]Exercise: $10.88From: 2005-03-01Exp: 2014-03-01→ Cornerstone Bancshares, Inc. (1,000 underlying) - 500
Stock Options
[F1]Exercise: $18.45From: 2006-03-01Exp: 2015-03-01→ Cornerstone Banchares, Inc. (500 underlying)
Footnotes (1)
- [F1]Exercise datse are determined by a two year vesting period, 50% the first anniversary to grant date, 50% the second anniversary to grant date.
Signature
\s\ Frank Hughes attorney in fact|2006-09-13