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SMARTFINANCIAL INC. Director's Dealing 2007

Mar 8, 2007

32627_dirs_2007-03-08_64ec47a2-9a32-478f-b123-184c8d26a1dd.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: CORNERSTONE BANCSHARES INC (csbq)
CIK: 0001038773
Period of Report: 2007-03-01

Reporting Person: JONES GREGORY B (Director, Chairman & CEO)

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Options $3.25 2010-03-01 Cornerstone Bancshares, Inc. (4000) 4000 Direct
Stock Options $3.25 2011-03-01 Cornerstone Bancshares, Inc. (20400) 20400 Direct
Stock Options $3.63 2012-05-01 Cornerstone Bancshares, Inc. (32000) 32000 Direct
stock options $3.63 2013-03-01 Cornerstone Bancshares, Inc. (34000) 34000 Direct
stock Options $5.44 2014-03-01 Cornerstone Bancshares, Inc. (34800) 34800 Direct
stock options $9.23 2015-03-01 Cornerstone Bancshares, Inc. (18000) 18000 Direct
stock options $13.25 2016-03-01 Cornerstone Bancshares, Inc. (13000) 13000 Direct

Footnotes

F1: The original Form 4 inadvertently and incorrectly reported that the Reporting Person held options to purchase (i) 174,200 shares of common stock, which options were exercisable on March 1, 2003 at an exercise price of $3.75 per share; and (ii) 156,200 shares of common stock , which options were exercisable on March 1, 2004 at an exercise price of $3.25 per share. Therefore, this amended Form 4 has been filed to reflect the deletion of the first and second line items reported in Table II of the original Form 4 and to replace such line items with information specific to each of those grants as set forth in this amended Form 4.