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MIDDLEFIELD BANC CORP Director's Dealing 2022

Feb 25, 2022

33530_dirs_2022-02-25_ede3e290-a99f-4a63-97c3-244a4dd22525.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: Erminio Courtney M (SVP/Risk Officer)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2022-02-23 Conditional Stock Award $24.80 A 1713 Acquired 2025-02-23 Common Stock (1713) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1457.991 Direct
Common Stock 150.525 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Conditional Stock Award $22.50 2024-02-23 Common Stock (834) 834 Direct
Conditional Stock Award $26.09 2023-02-25 Common Stock (698) 698 Direct
Conditional Stock Award $21.215 2022-03-01 Common Stock (834) 834 Direct

Footnotes

F1: Includes shares acquired under 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 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.