X0202 4 2004-11-24 0 0000923529 COOPERATIVE BANKSHARES INC COOP 0000930305 WILLETTS FREDERICK III 201 MARKET STREET WILMINGTON NC 28401 1 1 0 0 Pres., CEO & Chairman of Board Common Stock 2004-11-24 4 S 0 150 27.60 D 98521 D Common Stock 21171 I By 401(k) Common Stock 1488 I By Spouse Common Stock 70310 I By Trust (Father) Common Stock 18700 I By Trust (medical) Common Stock 1308 I by trust for 1st daughter Common Stock 1308 I By trust for 2nd daughter Common Stock 1308 I By Trust for 3rd daughter Common Stock 438 I by wife in trust for 3 daughters Common Stock 21385 I by Willetts Building Trust /s/ Willetts, III, Frederick 2004-11-29