QCR (QCRH) Form 4 QCR / TODD A GIPPLE 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^*

GIPPLE TODD A

(Last) (First) (Middle)

3551 SEVENTH STREET

SUITE 204

(Street)

MOLINE IL 61265

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
QCR HOLDINGS INC [ QCRH ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President, CFO, COO

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2021

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								40,404	D
Common Stock								1,199	I	by IRA
Common Stock								6,397.25	I	by Managed Account
Common Stock								2,000	I	by Spouse
Common Stock								689.36	I	by Trust

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
Performance Shares	$33.23(1)	03/02/2021		M			3,010	01/01/2020(2)	01/14/2029	Common Stock	3,010	$39.59	9,027	D
Performance Shares	$36(3)	03/01/2021		M			755	03/01/2020(3)	03/01/2029	Common Stock	755	$43.61	1,509	D
Performance Shares	$40(4)	03/02/2021		M			1,067	03/02/2021(4)	03/02/2024	Common Stock	1,067	$42.91	3,199	D
Performance Shares	$43.61(5)	03/01/2021		A		3,958		03/01/2022(5)	03/01/2025	Common Stock	3,958	(5)	3,958	D
Non-Qualified Stock Option (right to buy)	$15.65							05/01/2014	05/01/2023	Common Stock	7,006		7,006	D
Non-Qualified Stock Option (right to buy)	$17.1							02/03/2015	02/03/2024	Common Stock	6,791		6,791	D
Non-Qualified Stock Option (right to buy)	$17.49							02/02/2016	02/02/2025	Common Stock	8,857		8,857	D
Non-Qualified Stock Option (right to buy)	$22.64							02/01/2017	02/01/2026	Common Stock	8,590		8,590	D
Non-Qualified Stock Option (right to buy)	$42.75							03/09/2018(6)	03/09/2027	Common Stock	4,271		4,271	D

Explanation of Responses:

1. These units convert into shares of common stock on a 1-for-1 basis and fifty percent (50%) of the award is subject to a performance threshold.

2. These units vest twenty percent (20%) on January 1 in each of calendar years 2020 through 2022 and ten percent (10%) on January 1 in each of calendar years 2023 through 2026.

3. Represents a restricted stock unit grant. Each restricted stock unit represents a contingent right to receive one share of QCR Holdings, Inc. common stock or the cash equivalent of one share of common stock. The restricted stock units vest in four annual equal installments beginning on March 1, 2020. The settlement of such units are anticipated to be settled in cash.

4. Represents a restricted stock unit grant. Each restricted stock unit represents a contingent right to receive one share of QCR Holdings, Inc. common stock or the cash equivalent of one share of common stock. The restricted stock units vest in four annual equal installments beginning on March 1, 2022. The settlement of such units are anticipated to be settled in cash.

5. Represents a restricted stock unit grant. Each restricted stock unit represents a contingent right to receive one share of QCR Holdings, Inc. common stock or the cash equivalent of one share of common stock. The restricted stock units vest in four annual equal installments beginning on March 1, 2022. The settlement of such units are anticipated to be settled in cash.

6. These options are exercisable in annual increments of 25% each, with the first 25% vesting on the first anniversary of the option grant.

	By: Rick J. Jennings For: Todd A. Gipple	03/03/2021
	** 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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