JACKSON ROY B 4

4 · COMMUNITY BANCSHARES INC /DE/ · Filed Apr 29, 2004

Form 4

Period: 2004-04-27

Director

Transactions

Disposition to Issuer
2003 Stock Options
2004-04-27−25,000→ 0 total
Exercise: $7.00From: 2003-08-01→ common stock (25,000 underlying)
Award
2002 Stock Options
2004-04-27+15,000→ 15,000 total
Exercise: $7.00From: 2002-07-19Exp: 2007-07-18→ common stock (15,000 underlying)
Disposition to Issuer
2001 Stock Options
2004-04-27−10,000→ 0 total
Exercise: $10.00From: 2001-12-18→ common stock (10,000 underlying)
Award
2001 Stock Options
2004-04-27+10,000→ 10,000 total
Exercise: $10.00From: 2001-12-18Exp: 2006-12-17→ common stock (10,000 underlying)
Award
2003 Stock Options
2004-04-27+25,000→ 25,000 total
Exercise: $7.00From: 2003-08-01Exp: 2008-07-31→ common stock (25,000 underlying)
Disposition to Issuer
2002 Stock Options
2004-04-27−15,000→ 0 total
Exercise: $7.00From: 2002-07-19→ common stock (15,000 underlying)

Footnotes (3)

[F1]Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on August 1, 2003 with an expiration date of July 31, 2008.
[F2]Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on July 19, 2002 with an expiration date of July 18, 2007
[F3]Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on December 18, 2001 with an expiration date of December 17, 2006.

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