Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Steck Debra Lynn
 2. Date of Event Requiring Statement (Month/Day/Year)
02/18/2016		 3. Issuer Name and Ticker or Trading Symbol
FS Bancorp, Inc. [FSBW]
(Last)
(First)
(Middle)
6920 220TH STREET SW		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive VP - Home Lending
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

MOUNTLAKE TERRACE, WA 98043		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $0.01 per share 17,540
D (1)
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) 05/08/2015(2) 05/08/2024 Common Stock 17,500 $ 16.89 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Steck Debra Lynn
6920 220TH STREET SW
MOUNTLAKE TERRACE, WA 98043		       Executive VP - Home Lending  

Signatures

/s/Debra L. Steck 02/18/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Includes 4,500 shares of restricted stock awards received on May 8, 2014 pursuant to the FS Bancorp, Inc. 2013 Equity Incentive Plan and which vest in equal installments of 20% per year beginning on May 8, 2015.
(2) Stock options granted on May 8, 2014 pursuant to the FS Bancorp, Inc. 2013 Equity Incentive Plan and which vest in equal installments of 20% per year beginning on May 8, 2015.

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