Sec Form 4 Filing - BARLOW JAMES R @ Home Federal Bancorp, Inc. of Louisiana - 2021-05-19

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
BARLOW JAMES R
2. Issuer Name and Ticker or Trading Symbol
Home Federal Bancorp, Inc. of Louisiana [ HFBL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman, President & CEO***
(Last) (First) (Middle)
C/O HOME FEDERAL BANK, 222 FLORIDA STREET
3. Date of Earliest Transaction (MM/DD/YY)
05/19/2021
(Street)
SHREVEPORT, LA71105
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 05/19/2021 S 205 D $ 20.7 77,377 ( 1 ) ( 2 ) D
Common Stock 28,460 ( 1 ) I By IRA
Common Stock 1,100 ( 1 ) I By Spouse
Common Stock 35,213.7133 ( 1 ) ( 3 ) I By 401(k) Plan
Common Stock 17,116.1456 ( 1 ) I By ESOP
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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) $ 11.86 ( 4 ) 11/11/2025( 5 ) 11/11/2030 Common Stock 20,000 20,000 ( 4 ) D
Employee Stock Option (Right to Buy) $ 11.5 ( 4 ) 10/26/2020( 6 ) 10/26/2025 Common Stock 20,000 20,000 ( 4 ) D
Employee Stock Option (Right to Buy) $ 9.46 ( 4 ) 07/31/2019( 7 ) 07/31/2024 Common Stock 4,266 4,266 ( 4 ) D
Employee Stock Option (Right to Buy) $ 7.35 ( 4 ) 01/31/2017( 8 ) 01/31/2022 Common Stock 97,260 97,260 ( 4 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BARLOW JAMES R
C/O HOME FEDERAL BANK
222 FLORIDA STREET
SHREVEPORT, LA71105
X Chairman, President & CEO***
Signatures
/s/James R. Barlow 05/20/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On March 31, 2021, the Issuer effected a 2-for-1 stock split. The number of shares reported throughout this Form 4 have been adjusted to reflect the stock split.
( 2 )Includes 15,000 shares granted pursuant to the 2019 Stock Incentive Plan that vest 20% per year commencing on November 11, 2021 and 6,473 shares held jointly with the reporting person's spouse.
( 3 )Reflects units which represent share interests and a reserve of cash in the Issuer's 401(k) Plan. Includes units acquired in the Home Federal Bank Employees' Savings and Profit Sharing Plan and Trust since the last filed Form 4, based on a report dated May 18, 2021.
( 4 )In accordance wth the terms of the stock option plan and stock incentive plans the exercise price of the options and number of shares subject to the option have been adjusted to reflect the stock split.
( 5 )The options vest at a rate of 20% per year commencing on November 11, 2021.
( 6 )The options vested at a rate of 20% per year commencing on October 26, 2016 and were fully vested and exercisable as of October 26, 2020.
( 7 )The options vested at a rate of 20% per year commencing on July 31, 2015 and were fully vested and exercisable as of July 31, 2019.
( 8 )The options vested at a rate of 20% per year commencing on January 31, 2013 and were fully vested and exercisable as of January 31, 2017.

Remarks:
*** Also serves as Chairman of the Board, President and Chief Executive Officer of the Issuer's wholly owned subsidiary, Home Federal Bank.

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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