DAVID R. MELVILLE III - 01 Feb 2022 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Signature
/s/ Heather Roemer, as attorney-in-fact for David R. Melville III
Issuer symbol
BFST
Transactions as of
01 Feb 2022
Net transactions value
+$670,317
Form type
4
Filing time
03 Feb 2022, 15:03:22 UTC
Previous filing
16 Aug 2021
Next filing
04 Apr 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST Common Stock Award $670,317 +24,644 +15% $27.20 187,862 01 Feb 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the grant of restricted stock to reporting person. The terms of the restricted stock grant are described in footnote 2 below.
F2 Includes (a) 4,659 shares of unvested restricted stock granted on 2/1/2020, all of which will vest on 3/31/2022, (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, and (c) 24,644 shares of unvested restricted stock granted on 2/1/2022, of which 8,133 shares will vest on 3/31/2022, 8,133 shares will vest on 3/31/2023, and the remaining 8,378 shares will vest on 3/31/2024. 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.
F3 Includes units of employer stock fund through issuer's 401(k) plan equivalent to approximately 5,127 shares.