FS Bancorp, Inc. — Director's Dealing 2018

May 14, 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: Ness Drew B. (Chief Outreach Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-08	Common Stock	F	600	$57.85	Disposed	5103	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1800	Direct
Common Stock	1445	Indirect

Footnotes

F1: Represents shares withheld by FS Bancorp, Inc. to satisfy tax withholding obligations in connection with the vesting of 1,800 shares of restricted stock on May 8, 2018 of the 9,000 shares of restricted stock granted to the reporting person on May 8, 2014.

F2: Represents unvested shares of restricted stock that were awarded under the FS Bancorp, Inc. 2013 Equity Incentive Plan.