-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IvIPe6/oHPeyovIusJEmwBii2Wo2Bv2LwXRQmXf0jhFK9+6qMNA8nZcrWnxAtomt 2FzLyA31VQgL8rA+w/YBxw== 0000950130-02-001726.txt : 20020415 0000950130-02-001726.hdr.sgml : 20020415 ACCESSION NUMBER: 0000950130-02-001726 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020320 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CORNERSTONE BANCORP INC CENTRAL INDEX KEY: 0001079385 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 061524044 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-57813 FILM NUMBER: 02579806 BUSINESS ADDRESS: STREET 1: 550 SUMMER STREET CITY: STEMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 2033560111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: READER PAUL H CENTRAL INDEX KEY: 0001169484 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 81 CARTER ST CITY: NEW CANAAN STATE: CT ZIP: 06840 BUSINESS PHONE: 2039727080 MAIL ADDRESS: STREET 1: 81 CARTER ST CITY: NEW CANAAN STATE: CT ZIP: 06840 SC 13G 1 dsc13g.txt SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Cornerstone Bancorp, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - ------------------------------------------------------------------------------- (Title of Class of Securities) 218925105 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2001 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [X] Rule 13d-1(c) [_] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 2 of 5 CUSIP NO. 218925105 (1) Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (entities only): Paul H. Reader (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [_] (3) SEC Use Only (4) Citizenship or Place of Organization: United States of America Number of Shares Beneficially Owned by Each Reporting Person with: (5) Sole Voting Power 57,770.228 ----------------- ---------- (6) Shared Voting Power 800 ------------------- ---------- (7) Sole Dispositive Power 57,770.228 ---------------------- ---------- (8) Shared Dispositive Power 800 ------------------------ ---------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 58,570.228* * Includes options to acquire 52,800 shares which are currently exercisable. (10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions) [_] (11) Percent of Class Represented by Amount in Row 9 5.2% (based on 1,076,720 shares outstanding on 12/31/01) --------- (12) Type of Reporting Person (See Instructions) Paul H. Reader (IN) Page 3 of 5 Item 1(a) Name of Issuer: Cornerstone Bancorp, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 550 Summer Street Stamford, CT 06901 Item 2(a) Name of Person Filing: Paul H. Reader Item 2(b) Residence: 181 Carter St. New Canaan, CT 06840 Item 2(c) Citizenship: United States of America Item 2(d) Title of Class of Securities: Common Stock, Par Value $.01 per share Item 2(e) CUSIP Number: 218925105 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: Not Applicable Item 4 Ownership. (a) Amount Beneficially Owned: 58,570.228 ---------- (b) Percent of Class: 5.2% ---------- (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 57,770.228 ----------- (ii) shared power to vote or to direct the vote 800 ---------- (iii) sole power to dispose or to direct the disposition of 57,770.228 ---------- (iv) shared power to dispose or to direct the disposition of 800 ----------
Page 4 of 5 Item 5 Ownership of Five Percent or Less of a Class. Not Applicable Item 6 Ownership of More Than Five Percent on Behalf of Another Person. Not Applicable Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Item 8 Identification and Classification of Members of the Group. Not Applicable Item 9 Notice of Dissolution of Group. Not Applicable Item 10 Certification. By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of such securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 5 of 5 Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Paul H. Reader March 19, 2002 - -------------- Date /s/ Paul H. Reader Signature - ------------------------------------ -----END PRIVACY-ENHANCED MESSAGE-----