SEC Form 4 · accession 0000927089-17-000457
QUAINT OAK BANCORP, INC. · QNTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Diane J Colyer
Officer — SVP and Corporate Secretary
Period of report
Nov 29, 2017
Accepted (ET)
Nov 30, 2017 · 4:01 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 29, 2017 | M | 4,234 | $5.00 | A | 8,832 | D | |
| Common StockF3,F1 | Nov 29, 2017 | F | 1,598 | $13.25 | D | 7,234 | D | |
| Common StockF1 | holding | — | — | — | 2,820 | I | By IRA | |
| Common StockF1 | holding | — | — | — | 1,200 | I | By Spouse | |
| Common StockF1,F4 | holding | — | — | — | 10,644 | I | By ESOP | |
| Common StockF5 | holding | — | — | — | 526 | I | By 401(k) Plan |
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 | $5.00 | Nov 29, 2017 | M | 4,234 | D | May 14, 2013 | May 14, 2018 | Common Stock | 4,234 | 0 | D |
| Employee Stock Option (Right to Buy)F6,F8 | $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 640 shares granted pursuant to the 2008 Recognition and Retention Plan that represent the unvested portion of a grant amount originally covering 3,200 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.
- F3Represents previously owned shares of common stock delivered to the Issuer in payment for the exercise price of the subject options.
- F4Includes shares allocated to the reporting person's ESOP account since the last filed Form 4.
- F5Includes shares acquired in the Quaint Oak Bank 401(k) Plan since the last filed Form 4, based on a report dated November 29, 2017.
- 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 vested at a rate of 20% per year beginning on May 14, 2009.
- F8The options are vesting ratably over five years at 20% per year commencing May 8, 2014.