Quaint Oak Bancorp (QNTO) Form 4 QUAINT OAK BANCORP / ROBERT T STRONG ownership change

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^*

STRONG ROBERT T

(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
X	Officer (give title below)	Other (specify below)
President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
04/11/2022

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	04/11/2022		M		15,000	A	$8.1	160,318(1)	D
Common Stock								22,742	I	By IRA
Common Stock								8,494.274(2)	I	By 401(k) Plan
Common Stock								34,035.4048(3)	I	By ESOP

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
Common Stock (Right to Buy)	$8.1	04/11/2022		M			15,000	05/08/2018(4)	05/08/2023	Common Stock	15,000	$0	15,000	D
Common Stock (Right to Buy)	$13.3							(5)	05/09/2028	Common Stock	30,000		30,000	D

Explanation of Responses:

1. 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 disposition 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.

2. 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.

3. 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.

4. The options vested at a rate of 20% per year commencing on May 8, 2014.

5. The options are vesting at a rate of 20% per year commencing on May 9, 2019.

	/s/ Diane J. Colyer by POA for Robert T. Strong	04/12/2022
	** 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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