CareCloud, Inc. — Director's Dealing 2019

Feb 27, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MTBC, Inc. (MTBC)
CIK: 0001582982
Period of Report: 2019-02-22

Reporting Person: Chaudhry A Hadi (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-22	Series A Cum Redeemable Perpetual Preferred Stock [MTBCP]	A	6000	—	Acquired	6000	Direct
2019-02-22	Series A Cum Redeemable Perpetual Preferred Stock [MTBCP]	F	1320	$26.99	Disposed	4680	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-22	Restricted stock unit	$0	M	6000	Disposed		Series A Cumulative Redeemable Perpetual Preferred Stock (6000)	Direct
2019-02-22	Restricted stock unit	$0	A	10000	Acquired		Series A Cumulative Redeemable Perpetual Preferred Stock (10000)	Direct

Footnotes

F1: Represents the conversion upon vesting of restricted stock units into shares of preferred stock on February 22, 2019. These shares of preferred stock issued upon vesting of such units were acquired under the Company's Amended and Restated Equity Incentive Plan without payment by the requesting person.

F2: Series A Preferred Stock awarded under the Company's Amended and Restated Equity Incentive Plan, without payment by the reporting person.

F3: Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of Preferred Stock. This is not an open market sale of securities.

F4: The restricted stock unit was granted on February 22, 2019 and vests upon attainment of certain performance targets.