MIDDLEFIELD BANC CORP — Director's Dealing 2023

Feb 23, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2022-12-01

Reporting Person: Zimmerly Ronald Len Jr. (Director, President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-01	Conditional Stock Award	$28.60	A	11364	Acquired	2025-12-01	Common Stock (11364)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	31669	Direct
Common Stock	1376	Indirect

Footnotes

F1: The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Zimmerly remains continuously employed by Middlefield as of each vesting date. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient.