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SMARTFINANCIAL INC. Director's Dealing 2008

Sep 4, 2008

32627_dirs_2008-09-04_b23d2739-1967-4d3d-ba5d-9be804819ec5.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: 2008-09-02

Reporting Person: LEVINE LAWRENCE D (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-09-02 Common Stock S 169 $5.9 Disposed 33670 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 5900 Direct
Common Stock 800 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Options $5.44 2014-03-01 Cornerstone Bancshares, Inc. (2000) 2000 Direct
Stock Options $9.23 2015-03-01 Cornerstone Bancshares, Inc. (1000) 3000 Direct
Stock Options $13.25 2016-03-01 Cornerstone Bancshares, Inc. (4000) 7000 Direct
Stock Options $15.25 2017-03-01 Cornerstone Bancshares, Inc. (1000) 8000 Direct
Stock Options $7.99 2018-03-01 Cornerstone Bancshares, Inc. (1600) 9600 Direct

Footnotes

F1: The exercise date is determined by the following vesting schedule: 50% after the 1st anniversary and 100% after the 2nd anniversary date.