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

Signature
/s/ Heather Roemer, as attorney-in-fact for David R. Melville, III
Stock symbol
BFST
Transactions as of
Mar 31, 2021
Transactions value $
-$415,082
Form type
4
Date filed
8/16/2021, 07:26 PM
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST Common Stock Tax liability -$127K -5.29K -3.72% $23.93 137K Mar 31, 2021 Direct F1, F2
transaction BFST Common Stock Options Exercise $750K +50K +36.49% $15.00 187K Apr 30, 2021 Direct F1, F2
transaction BFST Common Stock Tax liability -$884K -36.8K -19.7% $24.00 150K Apr 30, 2021 Direct F1, F2
transaction BFST Common Stock Options Exercise $750K +50K +33.29% $15.00 200K May 10, 2021 Direct F1, F2
transaction BFST Common Stock Tax liability -$904K -37.2K -18.61% $24.28 163K May 10, 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 -50K -50% $0.00 50K Apr 30, 2021 Common Stock 50K $15.00 Direct F3
transaction BFST Stock Options (Right to Buy) Options Exercise $0 -50K -100% $0.00* 0 May 10, 2021 Common Stock 50K $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.