James R. Heslop II - May 24, 2021 Form 4/A - Amendment Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role
Exec. Vice President/COO, Director
Signature
James R. Heslop, II
Stock symbol
MBCN
Transactions as of
May 24, 2021
Transactions value $
$8,126
Form type
4/A - Amendment
Date filed
6/3/2021, 11:19 AM
Date Of Original Report
May 24, 2021
Next filing
Jul 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBCN Common Stock Award $11.1K +466 +1.74% $23.83 27.3K May 24, 2021 Direct F1
transaction MBCN Common Tax liability -$2.98K -125 -0.46% $23.83 27.1K May 24, 2021 Direct
holding MBCN Common Stock 1.24K May 24, 2021 held in IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MBCN Conditional Stock Award 2.92K May 24, 2021 Common Stock 2.92K $22.50 Direct F2
holding MBCN Conditional Stock Award 2.42K May 24, 2021 Common Stock 2.42K $26.09 Direct F3
holding MBCN Conditional Stock Award 2.98K May 24, 2021 Common Stock 2.98K $21.22 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition represents the vesting of performance shares granted to the reporting person on May 22, 2018, which vested on the third anniversary of their grant date based upon the Company's total shareholder return.
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, 2021.
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 26, 2020.
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 March 5, 2019.

Remarks:

This corrects a filing of May 24, 2021, which did not account for shares withheld for tax liability.