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 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 * COLYER DIANE J   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) SVP and Corporate Secretary (Last) (First) (Middle) C/O QUAINT OAK BANCORP, INC., 501 KNOWLES AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 11/29/2017 (Street) SOUTHAMPTON, PA 18966 4. If Amendment, Date 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 (City) (State) (Zip) 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 11/29/2017   M   4,234 A $ 5 8,832 (1) (2) D   Common Stock 11/29/2017   F   1,598 (3) D $ 13.25 7,234 (1) D   Common Stock               2,820 (1) I By IRA Common Stock               1,200 (1) I By Spouse Common Stock               10,644.052 (1) (4) I By ESOP Common Stock               525.97 (5) I By 401(k) Plan

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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 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)

$ 5 (6)

11/29/2017

M

4,234

05/14/2013(7)

05/14/2018

Common Stock

4,234 (6)

$ 0

0

D

Employee Stock Option (Right to Buy)

$ 8.1 (6)

(8)

05/08/2023

Common Stock

10,000 (6)

10,000 (6)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
COLYER DIANE J C/O QUAINT OAK BANCORP, INC. 501 KNOWLES AVENUE SOUTHAMPTON, PA 18966			SVP and Corporate Secretary

Signatures

/s/Diane J. Colyer		11/30/2017
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	On September 8, 2015, 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 640 shares granted pursuant to the 2008 Recognition and Retention Plan that represent the unvested portion of a grant amount originally covering 3,200 shares (adjusted to reflect the 2-for-1 stock split) that are vesting ratably over five years at 20% per year commencing on May 8, 2014.
(3)	Represents previously owned shares of common stock delivered to the Issuer in payment for the exercise price of the subject options.
(4)	Includes shares allocated to the reporting person's ESOP account since the last filed Form 4.
(5)	Includes shares acquired in the Quaint Oak Bank 401(k) Plan since the last filed Form 4, based on a report dated November 29, 2017.
(6)	In accordance with the terms of the stock option plan and stock incentive plan the exercise price of the options and number of shares subject to the option have been adjusted to reflect the stock split.
(7)	The options vested at a rate of 20% per year beginning on May 14, 2009.
(8)	The options are vesting ratably over five years at 20% per year commencing May 8, 2014.

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