- Amended Statement of Ownership (SC 13G/A)
February 12 2009 - 4:10PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
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Washington,
D.C. 20549
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SCHEDULE
13G/A
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Under
the Securities Exchange Act of 1934
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|
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QUAINT OAK BANCORP, INC.
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(Name
of Issuer)
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Common
Stock, Par Value $.01 Per Share
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(Title
of Class of Securities)
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74732T 10 6
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(CUSIP
Number)
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December 31, 2008
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(Date
of Event which Requires Filing of this Statement)
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Check
the appropriate box to designate the rule pursuant to which this Schedule
is filed:
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[X]
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Rule 13d-1(b)
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[
]
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Rule 13d-1(c)
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[
]
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Rule 13d-1(d)
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___________________________
1
The
remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover
page shall not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however,
see
the
Notes
).
Page 1 of 6 Pages
CUSIP
NO. 74732T 10 6
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13G/A
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Page
2 of 6 Pages
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1.
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Quaint Oak Bancorp, Inc. Employee Stock Ownership Plan Trust
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP
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(a)
[ ]
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5.
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SOLE VOTING POWER
101,833
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6.
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SHARED VOTING POWER
9,257
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7.
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SOLE DISPOSITIVE POWER
101,833
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8.
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SHARED DISPOSITIVE POWER
9,257
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
111,090
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10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.2%
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12.
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TYPE OF REPORTING PERSON
EP
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CUSIP
NO. 74732T 10 6
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13G/A
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Page
3 of 6 Pages
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Item
1(a).
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Name
of Issuer:
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Quaint
Oak Bancorp, Inc.
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Item
1(b).
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Address
of Issuer’s Principal Executive Offices:
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607
Lakeside Drive
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Southampton,
Pennsylvania 18966
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Item
2(a).
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Name
of Person Filing:
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Quaint Oak Bancorp, Inc. Employee Stock
Ownership Plan Trust
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Item
2(b).
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Address
of Principal Business Office or, if None, Residence:
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Quaint
Oak Bank
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Southampton,
Pennsylvania 18966
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Item
2(c).
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Citizenship:
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Pennsylvania
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Item
2(d).
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Title
of Class of Securities:
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Common
Stock, par value $.01 per
share
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Item
2(e).
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CUSIP
Number:
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74732T
10 6
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Item
3.
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If
This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c),
Check Whether the Person Filing is:
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(f)
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[X] An employee
benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F).
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CUSIP
NO. 74732T 10 6
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13G/A
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Page
4 of 6 Pages
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Item
4. Ownership.
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(a)
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Amount
beneficially owned:
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111,090
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(b)
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Percent
of class: 8.2% (based on 1,352,021 shares issued and outstanding as of
December 31, 2008)
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(c)
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Number
of shares as to which such person has:
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(i)
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Sole
power to vote or to direct the vote
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101,833
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(ii)
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Shared
power to vote or to direct the vote
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9,257
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(iii)
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Sole power to dispose or to direct the disposition
of
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101,833
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(iv)
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Shared
power to dispose or to direct the disposition of
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9,257
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The
reporting person is an employee benefit plan subject to the provisions of the
Employee Retirement Income Security Act of 1974, as amended, with individual
accounts for the benefit of participating employees and their
beneficiaries. The reporting person’s assets are held in trust by
trustees, Robert T. Strong, Diane J. Colyer and John J. Augustine (“Plan
Trustees”). The number of shares listed as beneficially owned
represents the entire number of shares of Common Stock held by the Plan
Trustees, as of December 31, 2008. As of December 31, 2008, 9,257
shares of Common Stock were allocated to individual accounts established for
participating employees and their beneficiaries and 101,833 shares were held,
unallocated, for allocation in future years. In general, participating employees
and their beneficiaries have the power and authority to direct the voting of
shares of Common Stock allocated to their individual accounts through the Plan
Trustees, who have shared voting power over the allocated Common
Stock. Any unallocated Common Stock is generally required to be voted
by the Plan Trustees in the same manner that the majority of the shares of
Company Stock which have been allocated to the accounts of individual
participants and beneficiaries are actually voted thereby, subject in each case
to the fiduciary duties of the Plan Trustees and applicable law.
Item
5.
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Ownership
of Five Percent or Less of a Class.
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Not
applicable since the reporting entity owns more than 5% of the
class.
CUSIP
NO. 74732T 10 6
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13G/A
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Page
5 of 6 Pages
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Item
6.
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Ownership
of More than Five Percent on Behalf of Another
Person.
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Dividends
on Common Stock allocated to the accounts of participating employees and their
beneficiaries, to the extent paid in the form of additional securities, are
added to their respective individual accounts. Dividends on Common
Stock allocated to the accounts of participating employees and their
beneficiaries, to the extent paid in cash, are, at the direction of the Plan
Administrator, either (i) credited to the respective individual accounts, or
(ii) used to pay principal and interest on outstanding indebtedness incurred by
the reporting person to acquire Common Stock.
Item
7.
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Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding
Company.
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Not
applicable.
Item
8.
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Identification
and Classification of Members of the
Group.
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Not
applicable since the reporting entity is not a member of a group.
Item
9.
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Notice
of Dissolution of Group.
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Not
applicable since the reporting entity is not a member of a group.
CUSIP
NO. 74732T 10 6
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13G/A
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Page 6 of
6 Pages
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By
signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
This
report is not an admission that the Plan Trustees are the beneficial owners of
any securities covered by this report, and the Plan Trustees expressly disclaim
beneficial ownership of all shares reported herein pursuant to Rule 13d-4, other
than shares allocated to the individual accounts of the Plan Trustees, as
applicable, over which they have voting power.
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Quaint
Oak Bancorp, Inc. Employee
Stock
Ownership Plan Trust
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February
12, 2009
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By:
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/s/
Robert T. Strong
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Robert
T. Strong, Trustee
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February
12, 2009
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By:
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/s/
Diane J. Colyer
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Diane
J. Colyer, Trustee
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February
12, 2009
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By:
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/s/
John J. Augustine
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John
J. Augustine,
Trustee
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