SEC Form 4 · accession 0000927089-16-001042
QUAINT OAK BANCORP, INC. · QNTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert T Strong
Officer — President and CEO · Director
Period of report
Dec 2, 2016
Accepted (ET)
Dec 2, 2016 · 4:17 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 | Dec 2, 2016 | M | 9,000 | $5.00 | A | 96,772 | D | |
| Common StockF1,F3 | holding | — | — | — | 4,913 | I | By 401(k) Plan | |
| Common StockF1,F4 | holding | — | — | — | 29,414 | I | By ESOP | |
| Common StockF1 | holding | — | — | — | 22,242 | I | By IRA |
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)F5,F6 | $5.00 | Dec 2, 2016 | M | 9,000 | D | May 14, 2013 | May 14, 2018 | Common Stock | 60,430 | 60,430 | D |
| Employee Stock Option (Right to Buy)F5,F7 | $8.10 | holding | — | — | — | — | May 8, 2023 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1On September 8, 2015, the Issuer effected a 2-for-1 stock split. The numbers of shares reported throughout this Form 4 have been adjusted to reflect the stock split.
- F2Includes 4,000 shares granted pursuant to the 2013 Stock Incentive Plan that represent the unvested portion of a grant amount originally covering 10,000 shares (adjusted to reflect the stock split) that are vesting ratably over five years at 20% per year commencing on May 8, 2014 and 92,772 shares held jointly with the reporting person's spouse.
- F3Includes shares acquired in the reporting person's 401(k) Plan account since the last filed Form 4. Based on a report dated December 2, 2016.
- F4Includes shares allocated to the reporting person's account in the ESOP since the last filed Form 4.
- F5In 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.
- F6The options vested at a rate of 20% per year beginning on May 14, 2009.
- F7The options are vesting ratably over five years at 20% per year commencing on May 8, 2014.