Ottawa Bancorp Inc|4Oct 13, 3:33 PM ET

Ottawa Bancorp Inc 4

4 · Ottawa Bancorp Inc · Filed Oct 13, 2016

Form 4

Period: 2016-10-11

DirectorPresident & CEO

Transactions

Purchase
Common Stock
2016-10-11$10.00/sh+2,500$25,000→ 30,803 total
Other
Common Stock
2016-10-11+28,303→ 28,303 total
Other
Common Stock
2016-10-11+6,405→ 6,405 total(indirect: By 401(k))
Other
Common Stock
2016-10-11+9,723→ 9,723 total(indirect: By ESOP)
Other
Stock Option (Right to Buy)
2016-10-11+10,397→ 10,397 total
Exercise: $5.03From: 2011-11-17Exp: 2020-11-17→ Common Stock (10,397 underlying)
Other
Stock Option (Right to Buy)
2016-10-11+22,093→ 22,093 total
Exercise: $10.36From: 2007-11-21Exp: 2016-11-21→ Common Stock (22,093 underlying)

Footnotes (3)

[F1]Pursuant to the Plan of Conversion and Reorganization, each share of Ottawa Savings Bancorp, Inc. common stock was exchanged for 1.1921 shares of Ottawa Bancorp, Inc. common stock, rounded down to the nearest whole share.
[F2]Pursuant to the Plan of Conversion and Reorganization, each option to purchase a share of Ottawa Savings Bancorp, Inc. was converted into an option to purchase 1.1921 shares of Ottawa Bancorp, Inc. common stock, rounded down to the nearest whole share. The exercise price per share for each converted option is determined by dividing the exercise price of such converted option by the 1.1921 exchange ratio, with such quotient rounded to the nearest whole cent. All such options continue to vest according to their original terms.
[F3]Options are fully vested and exercisable.

Documents

2 files