MIDDLEFIELD BANC CORP — Director's Dealing 2015

Jun 24, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2015-06-22

Reporting Person: STACY DONALD L (Treasurer/CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-22	Conditional stock award	$33.61	A	495	Acquired	2018-06-22	Common Stock (495)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2058.412	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock option (right to buy)	$36.73	2015-12-12	Common Stock (1102)	1102	Direct
Stock option (right to buy)	$40.24	2016-12-11	Common Stock (525)	525	Direct
Stock option (right to buy)	$37.00	2017-12-11	Common Stock (750)	750	Direct
Stock option (right to buy)	$23.00	2018-11-10	Common Stock (1000)	1000	Direct
Stock option (right to buy)	$17.55	2021-05-09	Common Stock (2500)	2500	Direct

Footnotes

F1: Includes shares held jointly with son.

F2: Includes shares acquired under MBCN Dividend Reinvestment Plan.

F3: Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Vesting is subject to a time-based or service condition and a performance-based condition. The details of the vesting conditions may be found in a Form 8-K filing dated June 24, 2015.