QUAINT OAK BANCORP INC 4
4 · QUAINT OAK BANCORP INC · Filed Apr 25, 2016
Insider Transaction Report
Form 4
SPINK MARSH B
Director
Transactions
- Exercise/Conversion
Common Stock
2016-04-25$5.00/sh+4,628$23,140→ 38,182 total - Exercise/Conversion
Stock Option (Right to Buy)
2016-04-25−4,628→ 9,258 totalExercise: $5.00From: 2013-05-14Exp: 2018-05-14→ Common Stock (4,628 underlying)
Holdings
- 6,000
Stock Option (Right to Buy)
Exercise: $8.10Exp: 2023-05-08→ Common Stock (6,000 underlying)
Footnotes (5)
- [F1]On September 8, 2015, the Issuer effected a 2-for-1 stock split. The number of shares reported throughout this Form 4 have been adjusted to reflect the stock split.
- [F2]Includes 1,200 shares granted pursuant to the 2013 Stock Incentive Plan which reflect the unvested portion of a grant originally covering 2,000 shares (adjusted to reflect the stock split) that commenced vesting at a rate of 20% per year on May 8, 2014 and 2,000 shares held jointly with the reporting person's son.
- [F3]In accordance with the terms of the stock option plan and stock incentive plan the exercise price of the options and number of shares subject to the option have been adjusted to reflect the stock split.
- [F4]The options vested at a rate of 20% per year commencing on May 14, 2009.
- [F5]The options are vesting ratably over five years at 20% per year commencing on May 8, 2014.