4 1 form4.txt AUSTIN -- FORM 4 -- COMMUNITY SAVINGS BANKSHARES UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |_| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment (Print or Type Responses) Company Act of 1940 ------------------------------------------------------------- ------------------------------------------------------------ -------- 1. Name and Address of Reporting 2. Issuer Name and Ticker or Trading 6. Relationship of Reporting Person(s) to Issuer Person* Symbol (Check all applicable) Austin, Josiah T. Community Savings Bankshares, Inc. _____Director ___X____10% Owner CMSV _____Officer (give ________Other (specify title below) ---------------------- ------------------------------------- ---------------------------- ------------------------------- -------------------------------- (Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for Number of Reporting Month/Year Person, if an entity (Voluntary) March 2001 Star Route Box 395 ------------------------------------- --------------------------- ------------------------------------------------ (Street) 5. If Amendment, 7. Individual or Joint/Group Filing (Check Date of Original Applicable Line) (Month/Year) ___Form filed by One Reporting Person _X_Form filed by More than One Reporting Person Pearce, AZ 85625 ------------------------------------- --------------------------- ------------------------------- ---------------------------------- (City)(State)(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------- ----------------- 1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature of (Instr. 3) action action (A) or Disposed of Securities ship Indirect Date Code (D) (Instr. 3, 4 Beneficially Form: Beneficial (Instr. 8) and 5) Owned at Direct Ownership (Month/ End of Month (D) or Day/ Indirect (Instr. 4) Year) (Instr. 3 (1) and 4) (Instr. 4) -------------------------- ------------ --------------- -------------------------- ---------------- ------------ -------------- Code V Amount (A) or Price (D) -------------------------- ------------ ------- ------- -------- --------- ------- ---------------- ------------ --------------- Common Stock (Total) 949,352 -------------------------- ------------ ------- ------- -------- --------- ------- ---------------- ------------ --------------- 35,000 D -------------------------- ------------ ------- ------- -------- --------- ------- ---------------- ------------ --------------- 8,389 I By Self as Trustee for Austin-Clark Life Insurance Trust -------------------------- ------------ ------- ------- -------- --------- ------- ---------------- ------------ ------------------- 2,100 I By Self as Trustee for Valerie Gordon Trust -------------------------- ------------ ------- ------- -------- --------- ------- ---------------- ------------ ------------------- 3,500 I By Self as Trustee for Christine Lowery Trust -------------------------- ------------ ------- ------- -------- --------- ------- ---------------- ------------ ------------------- 3,500 I By Self as Trustee for Matthew Gordon Trust -------------------------- ------------ ------- ------- -------- --------- ------- ---------------- ------------ ------------------- 3/9/01 17,700 A 13.41 896,863 I As Managing Member of El Coronado Holdings, LLC -------------------------- ------------ ------- ------- -------- --------- ------- ---------------- ------------ ------------------- Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). Potential persons who are to respond to the collection of (Over) Information contained in this form are not required to respond SEC 1474 (3-99) unless the form displays a currently valid OMB-control number.

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title 2. Conversion 3. Trans- 4. Trans- 5. Number 6. Date Exer- 7. Title and of Deriv- or Exercise action action of Deriv- cisable and Amount ative Exercise Date Code ative Expiration of Security Price of (Instr. Securities Date Underlying (Instr. 3) Derivative (Month/ 8) Acquired (Month/Day/ Securities Security Day/Year) (A) or Year) (Instr. 3 Disposed and 4) (D)(Instr. 3, 4 and 5) -------------- --------------- -------------- --------------- ----------------- ------------------ ---------------------- --------- Date Expira Title Amount or Exer- tion Number of cisable Date Shares -------------- --------------- -------------- --------------- ----------------- ------------------ ---------------------- --------- Code V (A) (D) -------------- --------------- -------------- --------------- ----------------- ------------------ ---------------------- --------- -------------- --------------- -------------- --------------- ----------------- ------------------ ---------------------- --------- -------------- --------------- -------------- --------------- ----------------- ------------------ ---------------------- --------- -------------- --------------- -------------- --------------- ----------------- ------------------ ---------------------- ---------

8. Price 9. Number 10. Owner- 11. Nature of of of ship of Indirect Deriv- Deriv- Form of Beneficial ative ative Deriv- Ownership Secur- Secur- ative (Instr. 4) ity ities Security Bene- Direct (D) (Instr. ficially or 5) Owned Indirect at End (I) Month (Instr. (Instr. 4) 4) -------------- --------------- -------------- --------------- -------------- --------------- -------------- --------------- -------------- --------------- -------------- --------------- -------------- --------------- -------------- ---------------

Explanation of Responses: This report is filed jointly on behalf of Mr. Austin and El Coronado Holdings, LLC ("ECH"), an Arizona limited liability company of which Mr. Austin is the sole managing member. The address of ECH is Star Route Box 395, Pearce, AZ 85625. ECH owns directly all 896,863 shares of common stock identified in Table I. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Josiah T. Austin April 5, 2001 -------------------- ------------- Individually and as Managing Member Date of El Coronado Holdings, LLC **Signature of Reporting Person Note: File three copies of this Form, one of which must be manually signed. If space if sufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

COMMUNITY SAVINGS BANKSHARES INC 4