SEC Form 3 · accession 0001437749-18-006554
Business First Bancshares, Inc. · BFST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David R. Melville III
Officer — President and CEO · Director
Period of report
Apr 9, 2018
Accepted (ET)
Apr 9, 2018 · 3:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001624322
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 19,745 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $10.00 | holding | — | — | — | — | Jan 15, 2020 | Common Stock | 92,400 | — | D |
| Stock Options (Right to Buy)F3 | $15.00 | holding | — | — | — | — | May 17, 2021 | Common Stock | 100,000 | — | D |
Explanation of responses
- F1Includes (a) 1,566 shares of unvested restricted stock granted on 03/31/2017 and (b) 7,370 shares of unvested restricted stock granted on 03/31/2018, in each case subject to vesting in three equal installments over a period of two years beginning on the grant date and subject to the terms of the relevant restricted stock grant. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.
- F2Stock Options (Right to Buy) have been structured to comply with Section 409A of the Internal Revenue Code and are exercised automatically upon the earlier of the expiration date, January 15, 2020, a change in control of the issuer, the reporting person's death or disability, or the reporting person's separation from service, and may not be exercised in any other manner.
- F3Stock 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.