SEC Form 4 · accession 0000927089-15-000589
QUAINT OAK BANCORP, INC. · QNTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Robert J Phillips
Director
Period of report
Nov 17, 2015
Accepted (ET)
Nov 30, 2015 · 4:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001391933
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 17, 2015 | M | 2,374 | $5.00 | A | 40,120 | D | |
| Common StockF1,F2 | Nov 17, 2015 | S | 874 | $12.00 | D | 39,246 | D | |
| Common StockF1,F2 | Nov 17, 2015 | S | 1,500 | $11.96 | D | 37,746 | D | |
| Common StockF1 | holding | — | — | — | 1,256 | I | By IRA | |
| Common StockF1 | holding | — | — | — | 660 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3,F4 | $5.00 | Nov 17, 2015 | M | 2,374 | D | May 14, 2013 | May 14, 2018 | Common Stock | 39,284 | 39,284 | D |
| Stock Option (Right to Buy)F3,F5 | $8.10 | holding | — | — | — | — | May 8, 2023 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1On September 8, 2015, the Issuer effected a 2-for-1 stock split. The number of shares reported throughout this Form 4 have been adjusted to reflect the stock split.
- F2Includes 1,800 shares granted pursuant to the 2013 Stock Incentive Plan which reflect the unvested portion of a grant amount originally covering 3,000 shares (adjusted to reflect the stock split) that commenced vesting at a rate of 20% per year on May 8, 2014 and 18,084 shares held jointly with the reporting person's spouse.
- F3In accordance with the terms of the stock option plan and stock incentive plan the exercise price of the options and number of shares subject to the option have been adjusted to reflect the stock split.
- F4The options vested 20% per year in five equal annual installments beginning on May 14, 2009.
- F5The options are vesting ratably over five years at 20% per year commencing on May 8, 2014.