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MIDDLEFIELD BANC CORP Director's Dealing 2022

Jan 4, 2022

33530_dirs_2022-01-04_51ebf85f-0457-4c1b-9f43-8a9a6695a823.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: 2022-01-03

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2022-01-03 Common Stock A 314 $24.80 Acquired 18532 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 31627.311 Direct
Common Stock 536.148 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Conditional Stock $22.50 2024-02-23 Common Stock (5291) 5291 Direct
Conditional Stock $26.09 2023-02-25 Common Stock (4387) 4387 Direct
Conditional Stock $21.215 2022-03-01 Common Stock (5396) 5396 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 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 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.