SEC Form 4 · accession 0001225208-16-040487

Ottawa Bancorp Inc · OTTW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Lending Officer

Period of report

Oct 11, 2016

Accepted (ET)

Oct 13, 2016 · 3:33 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001675192

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Oct 11, 2016	J	1,285	$0.00	A	1,285	D
Common Stock	Oct 11, 2016	P	3,500	$10.00	A	3,500	I	By 401(k) Plan
Common Stock	Oct 11, 2016	J	115	$0.00	A	3,615	I	By 401(k) Plan
Common Stock	Oct 11, 2016	J	3,999	$0.00	A	3,999	I	By ESOP

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F2,F3	$8.31	Oct 11, 2016	J	6,498	A	Dec 15, 2008	Dec 15, 2018	Common Stock	6,498	6,498	D

F1Pursuant to the Plan of Conversion and Reorganization, each share of Ottawa Savings Bancorp, Inc. common stock was exchanged for 1.1921 shares of Ottawa Bancorp, Inc. common stock, rounded down to the nearest whole share.
F2Pursuant to the Plan of Conversion and Reorganization, each option to purchase a share of Ottawa Savings Bancorp, Inc. was converted into an option to purchase 1.1921 shares of Ottawa Bancorp, Inc. common stock, rounded down to the nearest whole share. The exercise price per share for each converted option is determined by dividing the exercise price of such converted option by the 1.1921 exchange ratio, with such quotient rounded to the nearest whole cent. All such options continue to vest according to their original terms.
F3Options are fully vested and exercisable.

stoudt-poa.txt