MIDDLEFIELD BANC CORP — Director's Dealing 2018

Jun 25, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2018-06-22

Reporting Person: Erminio Courtney M (SVP/Risk Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-22	Common Stock	A	203	$51.60	Acquired	214.227	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	68.497	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Conditional Stock Award	$32.40	2019-03-01	Common Stock (172)	172	Direct
Conditonal Stock Award	$38.6992	2020-07-20	Common Stock (206)	206	Direct
Conditional Stock Award	$48.20	2021-05-22	Common Stock (350)	350	Direct

Footnotes

F1: Shares were acquired under the terms of a Conditional Stock Grant dated June 22, 2015.

F2: Includes shares acquired under MBCN Dividend Reinvestment Plan.

F3: Includes shares held jointly with spouse.

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 March 4, 2016.

F5: 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.

F6: 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 May 29, 2018.