Robert T. Strong - 11 Apr 2022 Form 4/A - Amendment Insider Report for QUAINT OAK BANCORP INC (QNTO)

Role
President and CEO, Director
Signature
/s/ Diane J. Colyer by P.O.A. For Robert T. Strong
Issuer symbol
QNTO
Transactions as of
11 Apr 2022
Net transactions value
+$121,500
Form type
4/A - Amendment
Filing time
22 Feb 2023, 16:13:40 UTC
Date Of Original Report
12 Apr 2022
Next filing
22 Feb 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 $121,500 +15,000 +10% $8.10 161,439 11 Apr 2022 Direct F1
holding QNTO Common Stock 22,742 11 Apr 2022 By IRA
holding QNTO Common Stock 8,494 11 Apr 2022 By 401(k) Plan F2
holding QNTO Common Stock 34,035 11 Apr 2022 By ESOP 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
transaction QNTO Common Stock (Right to Buy) Options Exercise $0 -15,000 -50% $0.000000 15,000 11 Apr 2022 Common Stock 15,000 $8.10 Direct F4
holding QNTO Common Stock (Right to Buy) 30,000 11 Apr 2022 Common Stock 30,000 $13.30 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 155,439 shares held jointly with the reporting person's spouse, 4,000 shares granted pursuant to the Issuer's 2018 Stock Incentive Plan which represent the unvested portion of a grant amount originally covering 10,000 shares that commenced vesting at a rate of 20% per year on May 9, 2019, and reflects acquisition of 1,121 shares to satisfy required minimum distribution from ESOP account of the reporting person to the reporting person's joint account with his spouse since the last filed Form 4.
F2 Includes shares acquired in the Quaint Oak Bank 401(k) Plan since the last filed Form 4, based on a report dated March 22, 2022.
F3 Includes shares allocated to the reporting person's ESOP account and a required minimum distribution of 1,121 shares since the last filed Form 4.
F4 The options vested at a rate of 20% per year commencing on May 8, 2014.
F5 The options are vesting at a rate of 20% per year commencing on May 9, 2019.

Remarks:

The reporting person is amending this Form 4 solely to correct the total shares held directly following the required minimum distribution of 1,121 shares referred to in footnote 1 hereto.