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MIDDLEFIELD BANC CORP Director's Dealing 2022

Feb 25, 2022

33530_dirs_2022-02-25_ab556e2e-6bf2-4c46-a15a-54f7ae545a5f.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: 2022-02-23

Reporting Person: STACY DONALD L (Treasurer/CFO)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2022-02-23 Conditional Stock Award $24.80 A 2419 Acquired 2025-02-23 Common Stock (2419) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 8987.48 Direct
Common Stock 4036 Indirect
Common Stock 43.497 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Conditional Stock Award $22.50 2024-02-23 Common Stock (2467) 2467 Direct
Conditional Stock Award $26.09 2023-02-25 Common Stock (2076) 2076 Direct
Conditional Stock Award $21.215 2022-03-01 Common Stock (2490) 2490 Direct

Footnotes

F1: Includes shares acquired under MBCN Dividend Reinvestment Plan.

F2: held jointly with son

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, 2022.

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 25, 2021.

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.

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 March 5, 2019.