Philip Jordan - Feb 3, 2022 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
Stock symbol
BFST
Transactions as of
Feb 3, 2022
Transactions value $
$253,503
Form type
4
Date filed
2/3/2022, 03:02 PM
Previous filing
Apr 4, 2022
Next filing
Apr 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST Common Stock Award $254K +9.34K +26.71% $27.13 44.3K Feb 1, 2022 Direct F1, F2, F3
holding BFST Common Stock 6.3K Feb 3, 2022 By Jordan Family Holdings, LLC F4
* 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) 1,871 shares of unvested restricted stock granted on 2/1/2020, which will vest on 3/31/2022, (b) 7,355 shares of unvested restricted stock granted on 2/1/2021, 3,623 shares of which will vest on 3/31/2022 and the remaining 3,732 shares will vest on 3/31/2023, and (c) 9,344 shares of unvested restricted stock granted on 2/1/2022, of which 3,084 shares will vest on 3/31/2022, 3,084 shares will vest on 3/31/2023, and the remaining 3,176 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 4,000 shares held by reporting person's IRA and units of employer stock fund through issuer's 401(k) plan equivalent to approximately 9,412 shares.
F4 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.