FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SCHULMEISTER CURT T 		2. Issuer Name and Ticker or Trading Symbol

QUAINT OAK BANCORP INC [ QNTO ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Lending Officer*
(Last)          (First)          (Middle)

C/O QUAINT OAK BANCORP, INC., 501 KNOWLES AVENUE 		3. Date of Earliest Transaction (MM/DD/YYYY)

9/9/2014
(Street)

SOUTHAMPTON, PA 18966
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   9/9/2014   9/12/2014   I    466   A $17.30   466   I   By 401(k) Plan  
Common Stock                  2303   (1) D  
 
Common Stock                  2000   I   By IRA  
Common Stock                  6641.8   (2) I   By ESOP  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Employee Stock Option (Right to Buy)   $16.20                      (3) 5/8/2023   Common Stock   5000     5000   D  
 
Employee Stock Option (Right to Buy)   $10.00                      (4) 5/14/2018   Common Stock   2244     2244   D  
 

Explanation of Responses:
( 1)  Includes 1,280 shares held in the 2008 Recognition and Retention Plan Trust which reflect the unvested portion of a grant amount originally covering 1,600 shares that commenced vesting at a rate of 20% per year on May 8,2014.
( 2)  Includes shares allocated to the reporting person's ESOP account since the last filed Form 4.
( 3)  The options are vesting at a rate of 20% per year commencing on May 8, 2014.
( 4)  The options are vesting at a rate of 16.667% per year commencing on May 14, 2009.

Remarks:
* Chief Lending Officer of Quaint Oak Bank (Issuer subsidiary)

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SCHULMEISTER CURT T
C/O QUAINT OAK BANCORP, INC.
501 KNOWLES AVENUE
SOUTHAMPTON, PA 18966

Chief Lending Officer*

Signatures
Curt T. Schulmeister 9/12/2014
** 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 control number.
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