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MIDDLEFIELD BANC CORP Director's Dealing 2019

Mar 4, 2019

33530_dirs_2019-03-04_c27cfcff-7e2a-4199-91c2-04200104bc22.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: HESLOP JAMES R II (Director, Exec. Vice President/COO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2019-03-01 Common Stock A 835 $41.90 Acquired 10935.387 Direct
2019-03-01 Common Stock F 310 $41.90 Disposed 10625.387 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2019-03-01 Conditional Stock Award $41.90 A 1489 Acquired 2022-03-01 Common Stock (1489) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Common Stock (right to buy) $17.55 2021-05-09 Common Stock (1200) 1200 Direct
Conditional Stock Award $38.6992 2020-07-20 Common Stock (581) 581 Direct
Conditional Stock Award $48.20 2021-05-22 Common Stock (1202) 1202 Direct

Footnotes

F1: Shares acquired under the terms of a Conditional Stock Grant dated March 1, 2016.

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 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.

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 March 5, 2019.