SEC Form 4 · accession 0000927089-18-000214
QUAINT OAK BANCORP, INC. · QNTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R Gonzalez
Officer — Senior Vice President*
Period of report
May 8, 2018
Accepted (ET)
May 10, 2018 · 5:24 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 StockF2 | May 8, 2018 | F | 182 | $13.30 | D | 2,792 | D | |
| Common StockF2,F3 | holding | — | — | — | 6,069 | I | By 401(k) Plan | |
| Common StockF2,F4 | holding | — | — | — | 7,566 | 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)F5,F6 | $8.10 | holding | — | — | — | May 8, 2018 | May 8, 2023 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Disposition solely to meet tax obligation for distribution from stock benefit plan.
- F2On 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.
- F3Includes shares acquired in the Quaint Oak Bank 401(k) Plan since the last filed Form 4, based on a report dated May 10, 2018.
- F4Includes shares allocated to the reporting person's ESOP account since the last filed Form 4.
- F5In accordance with the terms of the 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 commencing on May 8, 2014.
Remarks
* Senior Vice President, Business Development Officer of Quaint Oak Bank (Issuer subsidiary).