MIDDLEFIELD BANC CORP — Director's Dealing 2022

Jul 1, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2022-07-01

Reporting Person: HESLOP JAMES R II (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-07-01	Common Stock	A	309	$25.20	Acquired	29672	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2636	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Conditional Stock Award	$24.80	2025-02-23	Common Stock (3931)	3931	Direct
Conditional Stock Award	$22.50	2024-02-23	Common Stock (2921)	2921	Direct
Conditional Stock Award	$26.09	2023-02-24	Common Stock (2422)	2422	Direct

Footnotes

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

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, 2022.

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 25, 2021.

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 February 26, 2020.