John William Hobbs - 21 Jun 2021 Form 4 Insider Report for Oconee Federal Financial Corp. (OFED)

Role
EVP and CFO
Signature
/s/ Edward Quint, pursuant to Power of Attorney
Issuer symbol
OFED
Transactions as of
21 Jun 2021
Net transactions value
$0
Form type
4
Filing time
23 Jun 2021, 14:13:16 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFED Common Stock Award $0 +6,000 $0.000000 6,000 21 Jun 2021 Direct F1
holding OFED Common Stock 1,607 21 Jun 2021 By ESOP F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OFED Stock Options Award $0 +5,000 $0.000000 5,000 21 Jun 2021 Common Stock 5,000 $23.16 Direct F1, F3
holding OFED Stock Options 7,000 21 Jun 2021 Common Stock 7,000 $29.33 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of restricted stock vest at a rate of 20% per year commencing on June 21, 2022.
F2 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F3 Stock Options vest at a rate of 20% per year commencing on June 21, 2022.
F4 Stock Options vest ratably for seven years commencing on December 22, 2018.