SEC Form 4 · accession 0000927089-18-000215
QUAINT OAK BANCORP, INC. · QNTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curt T Schulmeister
Officer — Chief Lending Officer*
Period of report
May 8, 2018
Accepted (ET)
May 10, 2018 · 5:25 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 Stock | May 8, 2018 | F | 182 | $13.30 | D | 4,234 | D | |
| Common Stock | May 8, 2018 | M | 4,488 | $5.00 | A | 8,722 | D | |
| Common Stock | holding | — | — | — | 5,000 | I | By IRA | |
| Common StockF2 | holding | — | — | — | 2,887 | I | By 401(k) Plan | |
| Common StockF3 | holding | — | — | — | 18,420 | 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)F4 | $5.00 | May 8, 2018 | M | 4,488 | D | May 14, 2014 | May 14, 2018 | Common Stock | 4,488 | 0 | D |
| Employee Stock Option (Right to Buy)F5 | $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.
- F2Includes shares acquired in the reporting person's 401(k) Plan account since the last filed Form 4. Based on a report dated May 10, 2018.
- F3Includes shares allocated to the reporting person's account in the ESOP since the last filed Form 4.
- F4The options vested at a rate of 16.667% per year commencing on May 14, 2009.
- F5The options vested at a rate of 20% per year commencing on May 8, 2014.
Remarks
* Chief Lending Officer of Quaint Oak Bank (Issuer subsidiary)