PHILIP JORDAN - 20 Oct 2021 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role
EVP&CBO of b1Bank
Signature
/s/ Heather Roemer, as attorney-in-fact for Phillip Jordan
Issuer symbol
BFST
Transactions as of
20 Oct 2021
Net transactions value
-$124,151
Form type
4
Filing time
04 Apr 2022, 18:42:57 UTC
Previous filing
16 Aug 2021
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 Options Exercise $180,000 +15,000 +33% $12.00 60,530 20 Oct 2021 Direct
transaction BFST Common Stock Tax liability $240,552 -9,508 -16% $25.30 51,022 20 Oct 2021 Direct
transaction BFST Common Stock Tax liability $63,599 -2,614 -5.1% $24.33 48,408 31 Mar 2022 Direct F1, F2
holding BFST Common Stock 6,300 20 Oct 2021 By Jordan Family Holdings, LLC F3

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 -15,000 -100% $0.000000* 0 20 Oct 2021 Common Stock 15,000 $12.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (a) 3,732 shares of unvested restricted stock granted on 2/1/2021, which will vest on 3/31/2023, and (b) 6,230 shares of unvested restricted stock granted on 2/1/2022, of which 3,114 shares will vest on 3/31/2023, and the remaining 3,116 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.
F2 Includes 4,000 shares held by reporting person's IRA and units of employer stock fund through issuer's 401(k) plan equivalent to approximately 10,610 shares.
F3 Represents the holdings of Jordan Family Holdings, LLC of which the reporting person is a member. The reporting person disclaims beneficial ownership of registrant common stock held by Jordan Family Holdings, LLC except to the extent of his pecuniary interest.
F4 Stock Options (Right to Buy) vest in 11 equal installments beginning on the grant date, October 20, 2008, and ending October 20, 2018.