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, 2003

(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.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Stuart Weitzman                                017-32-6822

    
  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

 

95,940

  6.    Shared Voting Power

 

0

  7.    Sole Dispositive Power

 

95,940

  8.    Shared Dispositive Power

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

95,940

    
10.  

Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions)

 

¨

    
11.  

Percent of Class Represented by Amount in Row 9

 

7.75% (based on 1,237,674 shares outstanding on 12/31/03)

    
12.  

Type of Reporting Person (See Instructions)

 

Stuart Weitzman (IN)

    

 

Page 3 of 5

 

Item 1(a)  Name of Issuer:

 

Cornerstone Bancorp

 

 

Item 1(b)  Address of Issuer’s Principal Executive Offices:

 

550 Summer Street

Stamford, CT 06901

 

 

Item 2(a)  Name of Person Filing:

 

Stuart Weitzman

 

 

Item 2(b)  Residence:

 

169 Taconic Rd.

Greenwich, CT 06831-3113

 

 

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:    95,940  
(b) Percent of Class:    7.75 %
(c) Number of shares as to which such person has:       

(i) sole power to vote or to direct the vote

    95,940  

(ii) shared power to vote or to direct the vote

    0  

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

    95,940  

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

    0  

 

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 acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes 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.

 

 

Stuart Weitzman

 

 

February 11, 2004

Date

/S/    STUART WEITZMAN

Signature