FS Bancorp, Inc. — Director's Dealing 2018

May 16, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FS Bancorp, Inc. (FSBW)
CIK: 0001530249
Period of Report: 2018-05-08

Reporting Person: Adams Joseph C. (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-08	Common Stock	F	1675	$57.85	Disposed	36616	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6121	Direct

Footnotes

F1: Represents shares withheld by FS Bancorp, Inc. to satisfy tax withholding obligations in connection with the vesting of 6,121 shares of restricted stock on May 8, 2018 of the 30,500 shares of restricted stock granted to the reporting person on May 8, 2014.

F2: Includes 17,784 shares of restricted stock awards that have vested.

F3: Unvested shares, represents shares of restricted stock that have not yet vested.