SEC Form 4 · accession 0001225208-17-014767
Ottawa Bancorp Inc · OTTW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M. Armstrong
Director
Period of report
Sep 6, 2017
Accepted (ET)
Sep 8, 2017 · 11:49 am 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 | Sep 6, 2017 | S | 771 | $13.75 | D | 3,997 | I | By SEP-IRA |
| Common StockF1 | Sep 7, 2017 | S | 2,100 | $13.65 | D | 1,897 | I | By SEP-IRA |
| Common Stock | holding | — | — | — | 5,238 | D | ||
| Common Stock | holding | — | — | — | 369 | I | By Roth IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.64 to $13.75, inclusive. The reporting person undertakes to provide to Ottawa Bancorp, Inc., any security holder of Ottawa Bancorp, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
Remarks
Since the reporting person's last report the shares held by trust were shares that were payable upon death to certain beneficiaries. These shares have been distributed and the transaction is exempt from Section 16 of the Act pursuant to Rule 16a-2(d)(1).