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MIDDLEFIELD BANC CORP Director's Dealing 2019

Mar 4, 2019

33530_dirs_2019-03-04_4e8a1ebb-e871-4994-b1b8-1053fb9cbe2a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2019-03-01

Reporting Person: HETRICK TERESA M (Executive Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2019-03-01 Common Stock A 346 $41.90 Acquired 692.54 Direct
2019-03-01 Common Stock F 100 $41.90 Disposed 592.54 Direct
2019-03-01 Conditional Stock Award A 707 $41.90 Acquired 1299.54 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 42.192 Indirect
Common Stock 54.697 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $17.55 2021-05-09 Common Stock (750) 750 Direct
Conditonal Stock Award $38.6992 2020-07-20 Common Stock (323) 323 Direct
Condional Stock Award $48.20 2021-05-22 Common Stock (601) 601 Direct

Footnotes

F1: Includes shares acquired under MBCN Dividend Reinvestment Plan.

F2: Includes shares held jointly with spouse.

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 March 5, 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 July 20, 2017.

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 June 25, 2018.