Courtney M. Erminio - May 24, 2021 Form 4/A - Amendment Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role
SVP/Risk Officer
Signature
Courtney M. Erminio by James R. Heslop, II Power of Attorney
Stock symbol
MBCN
Transactions as of
May 24, 2021
Transactions value $
$2,526
Form type
4/A - Amendment
Date filed
6/3/2021, 02:00 PM
Date Of Original Report
May 24, 2021
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBCN Common Stock Award $3.24K +136 +10.29% $23.83 1.46K May 24, 2021 Direct F1, F2
transaction MBCN Common Stock Tax liability -$715 -30 -2.06% $23.83 1.43K May 24, 2021 Direct F2
holding MBCN Common Stock 147 May 24, 2021 Direct F2, F3

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 834 May 24, 2021 Common Stock 834 $22.50 Direct F4
holding MBCN Conditional Stock Award 698 May 24, 2021 Common Stock 698 $26.09 Direct F5
holding MBCN Conditional Stock Award 834 May 24, 2021 Common Stock 834 $21.22 Direct F6
* 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 Includes shares acquired under the 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.

Remarks:

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