MIDDLEFIELD BANC CORP — Director's Dealing 2021

Feb 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2021-02-12

Reporting Person: CALDWELL THOMAS G (Director, President/Chief Executive Offi)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-12	Common Stock	M	5000	$8.775	Acquired	17298	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	522.75	Indirect
Common Stock	33527.69	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Conditional Stock Award	$24.10	2021-05-22	Common Stock (4480)	4480	Direct
Conditional Stock Award	$21.215	2022-03-01	Common Stock (5396)	5396	Direct
Conditional Stock Award	$26.09	2023-02-25	Common Stock (4387)	4387	Direct

Footnotes

F1: Includes shares acquired under the MBCN Dividend Reinvestment Plan.

F2: Includes shares held jointly with spouse.

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 May 29, 2018.

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.

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 February 26, 2020.