SCHEDULE 13G

-----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, L6AdPAxSgk3+Qeeq7PtYsgUjqOEj7yptTNRdyxZyms4P0q7g/TuaAqur9kl0QdkK vXTlgJtgk4hyFcV/8iSYEg== 0001021408-03-002858.txt : 20030214 0001021408-03-002858.hdr.sgml : 20030214 20030214105957 ACCESSION NUMBER: 0001021408-03-002858 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030214 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: 03563651 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.htm SCHEDULE 13G 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, 2002

(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 the 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).

CUSIP No. 218925105 Page 2 of 5


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

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5. Sole Voting Power

63,935.000

6. Shared Voting Power

1,210

7. Sole Dispositive Power

63,935.000

8. Shared Dispositive Power

1,210

9.		Aggregate Amount Beneficially Owned by Each Reporting Person 65,145.000 * Includes options to acquire 59,180 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) 5.4% (based on 1,207,904 shares outstanding on 12/31/02)

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:	65,145.000

(b) Percent of Class:	5.4	%

(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote	63,835.000

(ii) shared power to vote or to direct the vote	1,210

(iii) sole power to dispose or to direct the disposition of	63,835.000

(iv) shared power to dispose or to direct the disposition of	1,210

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

February 11, 2003

Date

/s/ Paul H. Reader

Signature

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