Form Type: 4

SEC EDGAR Link
Acccession Number:0001437749-19-018248
Date:2019-03-31
Issuer: BUSINESS FIRST BANCSHARES, INC. (BFST)
Original Submission Date:

Reporting Person:

HINGLE DONALD A. II
500 LAUREL STREET, SUITE 101
BATON ROUGE, LA 70801

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-03-31 A 806 a $23.74 5,722 direct
COMMON STOCK 2019-03-31 F 207 d $24.54 5,515 direct
COMMON STOCK 2019-08-01 M 2,500 a $15.00 8,015 direct
COMMON STOCK 2019-08-01 S 2,500 d $24.78 5,515 direct
COMMON STOCK 2019-08-02 M 2,500 a $15.00 8,015 direct
COMMON STOCK 2019-08-02 S 2,500 d $24.60 5,515 direct
COMMON STOCK 2019-08-05 M 2,500 a $15.00 8,015 direct
COMMON STOCK 2019-08-05 S 2,500 d $23.00 5,515 direct
COMMON STOCK 2019-08-06 M 2,500 a $15.00 8,015 direct
COMMON STOCK 2019-08-06 S 2,500 d $23.00 5,515 direct
COMMON STOCK 2019-08-07 M 2,500 a $15.00 8,015 direct
COMMON STOCK 2019-08-07 S 2,500 d $23.01 5,515 direct
COMMON STOCK 2019-08-08 M 2,500 a $15.00 8,015 direct
COMMON STOCK 2019-08-08 S 2,500 d $23.00 5,515 direct
COMMON STOCK 2019-08-09 M 947 a $15.00 8,015 direct
COMMON STOCK 2019-08-09 S 947 d $23.00 5,515 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTIONS (RIGHT TO BUY) 15.0 2019-08-01 deemed execution date M 2,500 (d) 2019-10-19 common stock 2,500 $15.00 15,947 direct
STOCK OPTIONS (RIGHT TO BUY) 15.0 2019-08-02 deemed execution date M 2,500 (d) 2019-10-19 common stock 2,500 $15.00 13,447 direct
STOCK OPTIONS (RIGHT TO BUY) 15.0 2019-08-05 deemed execution date M 2,500 (d) 2019-10-19 common stock 2,500 $15.00 10,947 direct
STOCK OPTIONS (RIGHT TO BUY) 15.0 2019-08-06 deemed execution date M 2,500 (d) 2019-10-19 common stock 2,500 $15.00 8,447 direct
STOCK OPTIONS (RIGHT TO BUY) 15.0 2019-08-07 deemed execution date M 2,500 (d) 2019-10-19 common stock 2,500 $15.00 5,947 direct
STOCK OPTIONS (RIGHT TO BUY) 15.0 2019-08-08 deemed execution date M 2,500 (d) 2019-10-19 common stock 2,500 $15.00 3,447 direct
STOCK OPTIONS (RIGHT TO BUY) 15.0 2019-08-09 deemed execution date M 947 (d) 2019-10-19 common stock 947 $15.00 2,500 direct
Footnotes
IDfootnote
f1 reflects the grant of 806 shares of restricted stock to reporting person, 269 of which vested upon the grant date. the terms of the restricted stock grant are described in footnote 2 below.
f2 includes (a) 316 shares of unvested restricted stock granted on 03/31/2018 and (b) 541 shares of unvested restricted stock granted on 03/31/2019, 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.
f3 includes 2,500 shares held by reporting person's ira and units of employer stock fund through issuer's 401(k) plan equivalent to approximately 1,243 shares.
f4 reflects the sale of shares in connection with a broker-assisted cashless exercise of stock options (right to buy) by reporting person.
f5 this transaction was executed in multiple trades at prices ranging from $24.75 to $24.86. the price reported above reflect the weighted average sale price. the reporting person hereby undertakes to provide upon request to the sec staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
f6 this transaction was executed in multiple trades at prices ranging from $24.22 to $24.81. the price reported above reflect the weighted average sale price. the reporting person hereby undertakes to provide upon request to the sec staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
f7 stock options (right to buy) vest in 11 equal installments beginning on the grant date, october 19, 2009, and ending october 19, 2019.

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