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SMARTFINANCIAL INC. — Director's Dealing 2007
Mar 3, 2007
32627_dirs_2007-03-02_315aff4b-54bd-429a-9e46-f63e8cdf1b2f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CORNERSTONE BANCSHARES INC (CSBQ)
CIK: 0001038773
Period of Report: 2007-03-01
Reporting Person: LEE JERRY D (Director, Executive Vice Pres. & SLA)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-03-01 | Stock Options | $15.24 | A | 6500 | Acquired | 2017-03-01 | Cornerstone Bancshares, Inc. (6500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5000 | Direct |
| Common Stock | 48000 | Indirect |
| Common Stock | 38000 | Indirect |
| Common Stock | 2400 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $4.39 | 2015-03-01 | Cornerstone Bancshares, Inc. (146400) | 146400 | Direct |
| Stock Options | $13.25 | 2016-03-01 | Cornerstone Bancshares, Inc. (13000) | 13000 | Direct |
Footnotes
F1: On December 18, 2006 the common stock of Cornerstone Bancshares, Inc. split 2-for-1, resulting in the reporting person's ownership of 2,500 additional shares of common stock.
F2: On December 18, 2006 the common stock of Cornerstone Bancshares, Inc. split 2-for-1, resulting in the reporting person's ownership of 24,000 additional shares of common stock.
F3: On December 18, 2006 the common stock of Cornerstone Bancshares, Inc. split 2-for-1, resulting in the reporting person's ownership of 19,000 additional shares of common stock.
F4: On December 18, 2006 the common stock of Cornerstone Bancshares, Inc. split 2-for-1, resulting in the reporting person's ownershipf of 1,200 additional shares of common stock.
F5: This option was previously reported as covering 73,200 shares at an exercise price of $8.79 per share, but was adjusted to reflect the stock split that occured on December 18, 2006.
F6: The exercise date is determined by a vesting schedule: 30% the second year from grant date, 30% the third year from grant date, 40% the fourth year from grant date.
F7: This option was previously reported as covering 6,500 shares at an exercise price of $26.50 per share, but was adjusted to reflect the stock split that occured on December 18, 2006.