X0202 4 2005-05-12 0 0000923529 COOPERATIVE BANKSHARES INC COOP 0001248406 CARTER RUSSELL M 201 MARKET STREET WILMINGTON NC 28401 1 0 0 0 Common Stock 19992 D Stock Option (Right to Buy) 18.0000 2004-12-29 2014-12-29 Common Stock 3000 3000 D Reflects stock acquired through Cooperative Bankshares Dividend Reinvestment Plan exempt from reporting under Rule 16a-11. Reflects the acquisition of an additional 6,646 shares of common stock resulting from the February 24, 2005 3-for-2 stock split. Stock Options fully vested on date of grant. This option was previously reported as covering 2,000 shares at an exercise price of $27.00 per share, but was adjusted to reflect the 3-for-2 stock split on February 24, 2005. /s/ Carter, Russell M. 2005-05-18