The user-visible problem was that changes to column-level privileges,
happened in between of PREPARE and EXECUTE of a prepared statement, were
neglected. I.e. a prepared statement could be executed with the
column-level privileges as of PREPARE-time. The problem existed for
column-level privileges only.

A similar problem existed for stored programs: the changes between
executions didn't have an effect.

Technically the thing is that table references are cached in
Prepared_statement::prepare() call. In subsequent
Prepared_statement::execute() calls those cached values are used.
There are two functions to get a field by name: find_field_in_table() and
find_field_in_table_ref(). On prepare-phase find_field_in_table_ref() is
called, on execute-phase -- find_field_in_table() because the table is
cached. find_field_in_table() does not check column-level privileges and
expects the caller to do that. The problem was that this check was
forgotten.

The fix is to check them there as it happens in find_field_in_table_ref().