DAVID R. MELVILLE III - 31 Mar 2021 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role
President and CEO, Director
Signature
/s/ Heather Roemer, as attorney-in-fact for David R. Melville, III
Issuer symbol
BFST
Transactions as of
31 Mar 2021
Net transactions value
-$415,082
Form type
4
Filing time
16 Aug 2021, 19:26:59 UTC
Next filing
03 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST Common Stock Tax liability $126,685 -5,294 -3.7% $23.93 137,024 31 Mar 2021 Direct F1, F2
transaction BFST Common Stock Options Exercise $750,000 +50,000 +36% $15.00 187,024 30 Apr 2021 Direct F1, F2
transaction BFST Common Stock Tax liability $884,064 -36,836 -20% $24.00 150,188 30 Apr 2021 Direct F1, F2
transaction BFST Common Stock Options Exercise $750,000 +50,000 +33% $15.00 200,188 10 May 2021 Direct F1, F2
transaction BFST Common Stock Tax liability $904,333 -37,246 -19% $24.28 162,942 10 May 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BFST Stock Options (Right to Buy) Options Exercise $0 -50,000 -50% $0.000000 50,000 30 Apr 2021 Common Stock 50,000 $15.00 Direct F3
transaction BFST Stock Options (Right to Buy) Options Exercise $0 -50,000 -100% $0.000000* 0 10 May 2021 Common Stock 50,000 $15.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (a) 4,659 shares of unvested restricted stock granted on 2/1/2020, all of which will vest on 3/31/2022, and (b) 19,082 shares of unvested restricted stock granted on 2/1/2021, 9,399 shares of which will vest on 3/31/2022 and the remaining 9,683 shares will vest on 3/31/2023. Under the terms of the relevant restricted stock grants, the reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events.
F2 Includes units of employer stock fund through issuer's 401(k) plan equivalent to approximately 4,851 shares.
F3 Stock Options (Right to Buy) vested in four equal installments beginning on the first anniversary of the grant date, May 17, 2011, and ending May 17, 2015.