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MIDDLEFIELD BANC CORP — Director's Dealing 2020
Jul 21, 2020
33530_dirs_2020-07-21_7d53f520-ee23-4784-a90a-55fd9038edf2.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: 2020-07-20
Reporting Person: Erminio Courtney M (SVP/Risk Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-07-20 | Common Stock | A | 516 | $17.69 | Acquired | 1411.314 | Direct |
| 2020-07-20 | Common Stock | F | 118 | $17.69 | Disposed | 1293.314 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 144.238 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Conditional Stock Award | $24.10 | 2021-05-22 | Common Stock (700) | 700 | Direct |
| Conditional Stock Award | $20.95 | 2022-03-01 | Common Stock (834) | 834 | Direct |
| Conditional Stock Award | $26.09 | 2023-02-25 | Common Stock (698) | 698 | 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: Includes shares acquired under the MBCN Dividend Reinvestment Plan.
F3: Shares held jointly with spouse.
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 May 29, 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.
F6: 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.