SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Colquitt Walter T III

(Last) (First) (Middle)
C/O HOME FEDERAL BANK
222 FLORIDA STREET

(Street)
SHREVEPORT LA 71105

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Home Federal Bancorp, Inc. of Louisiana [ HFBL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/10/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
12/16/2021
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/10/2021 M 2,500 A $7.35 28,764(1)(2) D
Common Stock 12/10/2021 F 931 D $19.74 27,833(1)(2)(3) D
Common Stock 12/10/2021 S 449 D $19.74 27,384(1)(2)(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $7.35 12/10/2021 M 2,500 01/31/2017(4) 01/31/2022 Common Stock 2,500 $0 7,848 D
Stock Option (Right to Buy) $11.86 (5) 11/11/2030 Common Stock 18,000 18,000 D
Stock Option (Right to Buy) $11.5 10/26/2020(6) 10/26/2025 Common Stock 9,000 9,000 D
Explanation of Responses:
1. On March 31, 2021, 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.
2. Includes 3,200 shares granted pursuant to 2019 Stock Incentive Plan which reflect the unvested portion of a grant award originally covering 4,000 shares that commenced vesting at a rate of 20% per year on November 11, 2021. Includes 18,572 shares held jointly with the reporting person's spouse.
3. On December 16, 2021, the reporting person filed a Form 4 reporting the exercise of 2,500 options and omitted the disposition of an aggregate of 1,380 shares of common stock to the Issuer to cover the exercise of the stock options and tax obligations.
4. The options vested at a rate of 20% per year commencing on January 31, 2013 and were fully vested and exercisable as of January 31, 2017.
5. The options are vesting at a rate of 20% per year commencing on November 11, 2021.
6. The options vested at a rate of 20% per year commencing on October 26, 2016 and were fully vested and exercisable as of October 26, 2020.
/s/ James R. Barlow by P.O.A. for Walter T. Colquitt III 01/18/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.