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*
PHILLIPS ROBERT J

(Last) (First) (Middle)
C/O QUAINT OAK BANCORP, INC.
501 KNOWLES AVENUE

(Street)
SOUTHAMPTON PA 18966

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
QUAINT OAK BANCORP INC [ QNTO ]
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)
02/21/2017
4. If Amendment, Date of Original Filed (Month/Day/Year)
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 02/21/2017 M 5,000 A $5 45,146(1) D
Common Stock 02/21/2017 S 5,000 D $12.35 40,146(1) D
Common Stock 02/22/2017 M 1,000 A $5 41,146(1) D
Common Stock 02/22/2017 S 1,000 D $12.4 40,146(1) D
Common Stock 1,456 I By IRA
Common Stock 658 I By Spouse in IRA
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) $5 02/21/2017 M 5,000 05/14/2013(2) 05/14/2018 Common Stock 5,000 $0 23,844 D
Stock Option (Right to Buy) $5 02/22/2017 M 1,000 05/14/2013(2) 05/14/2018 Common Stock 1,000 $0 22,844 D
Stock Option (Right to Buy) $8.1 (3) 05/08/2023 Common Stock 10,000 10,000 D
Explanation of Responses:
1. Includes 1,200 shares granted pursuant to the 2013 Stock Incentive Plan which reflect the unvested portion of a grant amount originally covering 3,000 shares (adjusted to reflect the September 8, 2015, 2-for-1 stock split) that commenced vesting at a rate of 20% per year on May 8, 2014 and 37,746 shares held jointly with the reporting person's spouse.
2. The options vested 20% per year in five equal annual installments beginning on May 14, 2009.
3. The options are vesting ratably over five years at 20% per year commencing on May 8, 2014.
Remarks:
/s/Diane J. Colyer by P.O.A. for Robert J. Phillips 02/22/2017
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.