MIDDLEFIELD BANC CORP — Director's Dealing 2021

Nov 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2021-11-26

Reporting Person: Allen Michael L (EVP - Chief Banking Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-26	Common Stock	A	1000	$25.45	Acquired	1000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Conditional Stock Award	$22.50	2024-02-23	Common Stock (2276)	2276	Direct
Conditional Stock Award	$26.09	2023-02-25	Common Stock (1915)	1915	Direct
Conditional Stock Award	$21.215	2022-03-01	Common Stock (2296)	2296	Direct

Footnotes

F1: Acquisition represents the vesting of shares granted to the reporting person on November 26, 2018, which vested on the third anniversary of their grant dated based upon the continued employment of the reporting person.

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 February 25, 2021.

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 February 26, 2020.

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 March 5, 2019.