Kevin J. Kooman - Jun 1, 2021 Form 4 Insider Report for LIMESTONE BANCORP, INC. (LMST)

Role: Director
Signature: /s/ Phil W. Barnhouse, Attorney in Fact for Kevin J. Kooman
Stock symbol: LMST
Transactions as of: Jun 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/2/2021, 04:11 PM
Next filing: Jun 14, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LMST	Common Stock	Award	$0	+1.57K	+0.51%	$0.00	308K	Jun 1, 2021	By Limited Partnership	F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	LMST	Non-Voting Common Stock						1M	Jun 1, 2021	Common Stock	1M		By Limited Partnership	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant of Restricted Stock pursuant to the Limestone Bancorp, Inc., 2018 Omnibus Equity Compensation Plan. Generally, the restrictions as to transferability of the shares granted will lapse on December 31 of the calendar year in which the award occurs.
F2	Non-voting common shares contain an automatic conversion feature as follows: Each issued and outstanding Non-Voting Common Share shall automatically be converted into one (1) Common Share (the "Conversion Rate") upon the transfer of such Non-Voting Common Share (or any security convertible to or exercisable for such Non-Voting Common Share) in (a) a widespread public distribution, including pursuant to a registration statement filed with and declared effective by the SEC or pursuant to Rule 144 under the Securities Act, (b) a transfer in which no transferee (or group of associated transferees) would receive more than 2% of any class of Voting Securities or (c) a transfer to a transferee that controls more than 50% of the Voting Securities without any transfer from the transferor. The foregoing automatic conversion may occur as to some or all of the Non-Voting Common Shares held by any holder.
F3	Shares owned by Patriot Financial Partners III, L.P., Patriot Financial Manager, L.P., and/or Patriot Financial Advisors, L.P.. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.