Robert J. Phillips - 15 Dec 2022 Form 4 Insider Report for QUAINT OAK BANCORP INC (QNTO)

Role
Director
Signature
/s/ Diane J. Colyer by P.O.A. for Robert J. Phillips
Issuer symbol
QNTO
Transactions as of
15 Dec 2022
Net transactions value
+$16,200
Form type
4
Filing time
16 Dec 2022, 09:21:53 UTC
Next filing
04 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QNTO Common Stock Options Exercise $16,200 +2,000 +3.4% $8.10 60,304 15 Dec 2022 Direct F1, F2
holding QNTO Common Stock 1,401 15 Dec 2022 By IRA F2
holding QNTO Common Stock 633 15 Dec 2022 By Spouse in IRA

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
transaction QNTO Stock Option (Right to Buy) Options Exercise $0 -2,000 -20% $0.000000 8,000 15 Dec 2022 Common Stock 2,000 $8.10 Direct F3
holding QNTO Stock Option (Right to Buy) 7,500 15 Dec 2022 Common Stock 7,500 $13.30 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 400 shares granted pursuant to the Issuer's 2018 Stock Incentive Plan that reflect the unvested portion of a grant amount originally covering 2,000 shares which are vesting ratably over five years at 20% per year commencing on May 9, 2019 and includes 55,904 shares held jointly with the reporting person's spouse.
F2 Reflects disposition of 20 shares to satisfy required minimum distribution from individual retirement account since the last filed Form 4 and transferred to the reporting person's joint account.
F3 The options vested at a rate of 20% per year commencing on May 8, 2014.
F4 The options are vesting at a rate of 20% per year commencing on May 9, 2019.