MIDDLEFIELD BANC CORP — Director's Dealing 2019

Nov 27, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2019-11-18

Reporting Person: RANTTILA MICHAEL (Bank Chief Financial Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1001.176	Direct
Common Stock	1	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Conditional Stock Award	$24.10	2021-05-22	Common Stock (448)		Direct
Conditional Stock Award	$20.95	2022-03-01	Common Stock (658)		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 May 29, 2018.

F3: The number of shares and the exercise price have been adjusted to reflect the 2-for-1 stock split effected as of November 8, 2019.

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 5, 2019.