Kevin J. Kooman - Jun 1, 2022 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, 2022
Transactions value $
$0
Form type
4
Date filed
6/2/2022, 04:06 PM
Previous filing
Jun 28, 2021
Next filing
May 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMST Common Stock Award $0 +1.25K +0.37% $0.00 337K Jun 1, 2022 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, 2022 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.