SEC Form 4 · accession 0000927089-18-000227
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
May 9, 2018
Accepted (ET)
May 11, 2018 · 5:59 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 StockF1,F2 | May 9, 2018 | A | 10,000 | $0.00 | A | 116,372 | D | |
| Common StockF3 | May 10, 2018 | M | 44,330 | $5.00 | A | 160,702 | D | |
| Common StockF4,F3 | May 10, 2018 | F | 16,628 | $13.325 | D | 144,074 | D | |
| Common StockF5 | holding | — | — | — | 6,387 | I | By 401(k) Plan | |
| Common StockF6 | holding | — | — | — | 33,606 | 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)F7 | $13.30 | May 9, 2018 | A | 30,000 | A | — | May 9, 2028 | Common Stock | 30,000 | 30,000 | D |
| Employee Stock Option (Right to Buy)F8 | $5.00 | May 10, 2018 | M | 44,330 | D | May 14, 2013 | May 14, 2018 | Common Stock | 44,330 | 0 | D |
| Employee Stock Option (Right to Buy)F9 | $8.10 | holding | — | — | — | May 8, 2018 | May 8, 2023 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1Represents the grant of shares pursuant to the Issuer's 2018 Stock Incentive Plan that vest ratably over five years at 20% per year commencing on May 9, 2019.
- F2Includes 106,372 shares held jointly with the reporting person's spouse.
- F3Includes 134,074 shares held jointly with the reporting person's spouse.
- F4Represents previously owned shares of common stock delivered to the Issuer in payment for the exercise price of the subject options.
- F5Includes shares acquired in the Quaint Oak Bank 401(k) Plan since the last filed Form 4, based on a report dated May 10, 2018.
- F6Includes shares allocated to the reporting person's ESOP account since the last filed Form 4.
- F7The options are vesting at a rate of 20% per year commencing on May 9, 2019.
- F8The options vested at a rate of 20% per year beginning on May 14, 2009.
- F9The options vested at a rate of 20% per year commencing on May 8, 2014.