SEC Form 4 · accession 0000927089-16-000856
QUAINT OAK BANCORP, INC. · QNTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Augustine
Officer — EVP & Chief Financial Officer · Director
Period of report
May 8, 2016
Accepted (ET)
May 26, 2016 · 4:17 pm EDT
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,F3 | May 8, 2016 | F | 300 | $11.89 | D | 10,886 | D | |
| Common StockF4 | holding | — | — | — | 2,471 | I | By 401(k) Plan | |
| Common StockF1 | holding | — | — | — | 22,200 | I | By IRA | |
| Common StockF1 | holding | — | — | — | 3,000 | I | By Spouse | |
| Common StockF1,F5 | holding | — | — | — | 11,096 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F6,F7 | $8.10 | holding | — | — | — | — | May 8, 2023 | Common Stock | 20,000 | 20,000 | D |
| Stock Option (Right to Buy)F6,F8 | $5.00 | holding | — | — | — | May 14, 2013 | May 14, 2018 | Common Stock | 13,886 | 13,886 | 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.
- F2Disposition solely to meet tax obligation for distributions from stock benefit plans.
- F3Includes 2,132 shares held in the 2008 Recognition and Retention Plan Trust which reflect the unvested portion of a grant amount originally covering 5,318 shares (adjusted to reflect the stock split) that commenced vesting at a rate of 20% per year on May 8, 2014 and 674 shares granted prusuant to the 2013 Stock Incentive Plan which reflect the unvested portion of a grant amount originally covering 1,682 shares (adjusted to reflect the stock split) that commenced vesting at a rate of 20% per year on May 8, 2014.
- F4Includes shares acquired in the Issuer's 401(k) Plan since the last filed Form 4. Based on a report dated May 25, 2016.
- F5Includes shares allocated to the reporting person's ESOP account since the last filed Form 4.
- F6In 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.
- F7The options are vesting at a rate of 20% per year commencing on May 8, 2014.
- F8The options vested at a rate of 20% per year commencing on May 14, 2009.