SEC Form 4 · accession 0000927089-16-000755
QUAINT OAK BANCORP, INC. · QNTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George M Ager Jr.
Director
Period of report
Feb 24, 2016
Accepted (ET)
Feb 25, 2016 · 3:12 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 | Feb 24, 2016 | M | 2,000 | $5.00 | A | 21,514 | D | |
| Common StockF1 | holding | — | — | — | 902 | I | By Spouse | |
| Common StockF1 | holding | — | — | — | 5,262 | I | By Spouse through ESOP |
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 | Feb 24, 2016 | M | 2,000 | D | May 14, 2013 | May 14, 2018 | Common Stock | 2,000 | 9,886 | D |
| Stock Option (Right to Buy)F3,F5 | $8.10 | holding | — | — | — | — | May 8, 2023 | Common Stock | 6,000 | 6,000 | 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 1,200 shares granted pursuant to the 2013 Stock Incentive Plan which reflect the unvested portion of a grant originally covering 2,000 shares (adjusted to reflect the stock split) that commenced vesting at a rate of 20% per year on May 8, 2014 and 13,960 shares held jointly with the reporting person's spouse.
- F3In accordance wth 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 at a rate of 20% per year commencing on May 14, 2009.
- F5The options are vesting ratably over five years at 20% per year commencing on May 8, 2014.