MIDDLEFIELD BANC CORP — Director's Dealing 2020

Jul 22, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2020-07-20

Reporting Person: Moore Charles O (President, Central Ohio Region)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-20	Common Stock	A	1162	$17.69	Acquired	3504.335	Direct
2020-07-20	Common Stock	F	235	$17.69	Disposed	3269.335	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Conditional Stock Award	$24.10	2021-05-22	Common Stock (1552)	1552	Direct
Conditional Stock Award	$21.215	2022-03-01	Common Stock (2274)	2274	Direct
Conditional Stock Award	$26.09	2023-02-25	Common Stock (1895)	1895	Direct

Footnotes

F1: Acquisition represents the vesting of performance shares granted to the reporting person on July 20, 2017, which vested on the third anniversary of their grant dated based upon the Company's total shareholder return.

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.