Louisiana Bancorp (LABC) Form 4 LOUISIANA BANCORP / C. HOLLY CALLIA 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

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

X

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^*

CALLIA C. HOLLY

(Last) (First) (Middle)

C/O BANK OF NEW ORLEANS

1600 VETERANS BLVD.

(Street)

METAIRIE LA 70005

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LOUISIANA BANCORP INC [ LABC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP of Bank of New Orleans

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2015

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	09/15/2015		D		39,600(1)	D	$24.25(2)	0	D
Common Stock	09/15/2015		D		13,815.0626(3)	D	$24.25(2)	0	I	By Employee Stock Ownership Plan
Common Stock	09/15/2015		D		4,800.9678(4)	D	$24.25(2)	0	I	By 401(k) Plan

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	$21.98	09/15/2015		D			4,000	(5)	01/05/2025	Common Stock	4,000	$24.25(6)	0	D
Stock Option	$18.19	09/15/2015		D			4,000	(5)	12/16/2023	Common Stock	4,000	$24.25(6)	0	D
Stock Option	$16.56	09/15/2015		D			8,000	(5)	12/17/2022	Common Stock	8,000	$24.25(6)	0	D
Stock Option	$14.41	09/15/2015		D			2,000	(5)	12/14/2020	Common Stock	2,000	$24.25(6)	0	D
Stock Option	$13.5	09/15/2015		D			3,400	(5)	08/25/2019	Common Stock	3,400	$24.25(6)	0	D

Explanation of Responses:

1. Reported amount includes 7,400 shares awarded under the 2007 Recognition and Retention Plan that vested on the legal date of the merger pursuant to terms of the merger agreement.

2. Disposed of pursuant to merger between issuer and Home Bancorp, Inc. Pursuant to the merger agreement, each share of Louisiana Bancorp, Inc. common stock was converted into cash in the amount of $24.25.

3. The reported shares represent the number of shares allocated to the reporting person's account as of December 31, 2014.

4. The reported securities represent the number of shares held in the Issuer's 401(k) Plan, based on a report dated September 15, 2015. These shares represent 5,213.0768 ownership units.

5. Reported securities were awarded under the Company's 2007 Recognition and Retention Plan. Such securities vested ratably over five years beginning on the first anniversary date of the award. Pursuant to terms of the merger agreement with Home Bancorp, Inc., vesting of all options accelerated and were exercisable as of the merger date.

6. Disposed of pursuant to merger agreement between issuer and Home Bancorp, Inc. Pursuant to the merger agreement, each stock option was cancelled in exchange for a cash payment equal to the excess of $24.25 over the exercise price of such option.

Remarks:

	John P. LeBlanc, by POA for C. Holly Callia	09/16/2015
	** 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.