FS Bancorp, Inc. — Director's Dealing 2019

May 28, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FS Bancorp, Inc. (FSBW)
CIK: 0001530249
Period of Report: 2019-05-08

Reporting Person: COSTA DONN C (EVP Home Lending)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-08	Common Stock	F	270	$51.99	Disposed	54576	Direct
2019-05-23	Common Stock	M	3500	$16.89	Acquired	58076	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-23	Stock Option (Right to Buy)	$16.89	M	3500	Disposed	2024-05-08	Common Stock (3500)	Direct

Footnotes

F1: Represents shares withheld by FS Bancorp, Inc. to satisfy tax withholding obligations in connection with the vesting of 900 shares of restricted stock on May 8, 2019.

F2: Stock options awarded pursuant to the FS Bancorp, Inc. 2014 Equity Incentive Plan. Vests in equal installments of 20% per year.

F3: Includes the total number of outstanding stock options for both the FS Bancorp, Inc. 2014 and 2018 Equity Incentive Plan.