SEC Form 4 · accession 0000927089-17-000052
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
Feb 6, 2017
Accepted (ET)
Feb 8, 2017 · 12:12 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 | Feb 6, 2017 | M | 11,100 | $5.00 | A | 110,872 | D | |
| Common StockF1 | Feb 6, 2017 | S | 4,500 | $12.25 | D | 106,372 | D | |
| Common StockF3 | holding | — | — | — | 5,040 | I | By 401(k) Plan | |
| Common Stock | holding | — | — | — | 29,414 | I | By ESOP | |
| Common Stock | 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)F4 | $5.00 | Feb 6, 2017 | M | 11,100 | D | May 14, 2013 | May 14, 2018 | Common Stock | 11,100 | 44,330 | D |
| Employee Stock Option (Right to Buy)F5 | $8.10 | holding | — | — | — | — | May 8, 2023 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1Includes 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 2-for-1 stock split) that are vesting ratably over five years at 20% per year commencing on May 8, 2014 and 102,372 shares held jointly with the reporting person's spouse.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2016.
- F3Based on a report dated January 18, 2017.
- F4The options vested at a rate of 20% per year beginning on May 14, 2009.
- F5The options are vesting ratably over five years at 20% per year commencing on May 8, 2014.