MIDDLEFIELD BANC CORP — Director's Dealing 2018

Jul 12, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2018-07-12

Reporting Person: HESLOP JAMES R II (Director, Exec. Vice President/COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-11	Common Stock	M	150	$23.00	Acquired	9617.736	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	586.49	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock (right to buy)	$23.00	2018-11-10	Common Stock (150)	150	Direct
Common Stock (right to buy)	$17.55	2021-05-09	Common Stock (1200)	1200	Direct
Conditional Stock Award	$32.40	2019-03-01	Common Stock (668)	668	Direct
Conditional Stock Award	$45.00	2020-07-20	Common Stock (581)	581	Direct
Conditional Stock Award	$48.20	2021-06-22	Common Stock (1202)	1202	Direct

Footnotes

F1: Includes shares acquired under the MBCN Dividend Reinvestment Plan.

F2: 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 March 4, 2016.

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 July 20, 2017.

F4: 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 25, 2018.