Philip Jordan - Sep 15, 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
Sep 15, 2022
Transactions value $
-$13
Form type
4
Date filed
4/28/2023, 04:05 PM
Previous filing
Feb 3, 2022
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST COMMON STOCK Options Exercise $150K +10K +19.97% $15.00 60.1K Sep 15, 2022 Direct F1, F2, F3
transaction BFST COMMON STOCK Tax liability -$150K -6.71K -11.17% $22.36 53.4K Sep 15, 2022 Direct F1, F2, 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 -10K -100% $0.00* 0 Sep 15, 2022 Common Stock 10K $15.00 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 10,699 shares.
F3 Later reports do not reflect these transactions.
F4 Stock Options (Right to Buy) vested in three equal installments beginning on the first anniversary of the grant date, November 29, 2012, and ending November 29, 2015.