SEC Form 4 · accession 0001225208-18-015106
Ottawa Bancorp Inc · OTTW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Stoudt
Officer — Chief Lending Officer
Period of report
Nov 1, 2018
Accepted (ET)
Nov 2, 2018 · 1:51 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 | Nov 1, 2018 | M | 6,498 | $8.31 | A | 7,783 | D | |
| Common StockF1 | Nov 1, 2018 | A | 1,020 | $0.00 | A | 1,020 | I | By Stock Award |
| Common Stock | holding | — | — | — | 3,615 | I | By 401(k) Plan | |
| Common StockF2 | holding | — | — | — | 6,065 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $8.31 | Nov 1, 2018 | M | 6,498 | D | Dec 15, 2008 | Dec 15, 2018 | Common Stock | 6,498 | 0 | D |
Explanation of responses
- F1Stock Awards granted pursuant to the Ottawa Bancorp, Inc. 2018 Equity Incentive Plan vest in five equal annual installments commencing on November 1, 2019.
- F2This form reflects an increase in beneficial ownership resulting from an exempt acquisition pursuant to Rule 16b-3(c).
- F3Options are fully vested and exercisable.