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MIDDLEFIELD BANC CORP Director's Dealing 2020

Jan 2, 2020

33530_dirs_2020-01-02_4af8fb21-7bb8-497a-97a6-23bf3a2ffb97.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: 2020-01-02

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2020-01-02 Common Stock A 367 $26.09 Acquired 22878.835 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Common Stock (right to buy) $8.775 2021-05-09 Common Stock (2000) 2000 Direct
Conditional Stock Award $19.3496 2020-07-20 Common Stock (1162) 1162 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

Footnotes

F1: Shares acquired under Director Compensation program for members of the Board of Directors of The Middlefield Banking Company.

F2: Includes shares acquired under the MBCN Dividend Reinvestment Plan.

F3: The number of shares has been adjusted to reflect the 2-for-1 stock split effected as of November 8, 2019.

F4: The number of shares and the exercise price have been adjusted to reflect the 2-for-1 stock split effected as of November 8, 2019.

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 July 20, 2017.

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 June 25, 2018.

F7: 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.