MIDDLEFIELD BANC CORP — Director's Dealing 2020

Oct 23, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2020-10-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-22	Common Stock	M	850	$8.775	Acquired	25812.398	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	436	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock (right to buy)	$8.775	2021-05-09	Common Stock (650)	650	Direct
Conditional Stock Award	$24.10	2021-05-22	Common Stock (2404)	2404	Direct
Conditional Stock Award	$20.95	2022-03-01	Common Stock (2978)	2978	Direct
Conditional Stock Award	$26.09	2023-02-25	Common Stock (2422)	2422	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: 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 February 26, 2020.