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MIDDLEFIELD BANC CORP Director's Dealing 2021

Jan 6, 2021

33530_dirs_2021-01-06_630b2fa0-98aa-4757-b83f-996d26594f36.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: 2021-01-04

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2021-01-04 Common Stock A 346 $22.50 Acquired 12298 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
Stock Option (right to buy) $8.775 2021-05-09 Common Stock (5000) 5000 Direct
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: 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: Includes 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.