Michael Ranttila - 24 May 2021 Form 4/A - Amendment Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role
Bank Chief Financial Officer
Signature
Michael C. Ranttila by James R. Heslop, II Power of Attorney
Issuer symbol
MBCN
Transactions as of
24 May 2021
Net transactions value
+$1,549
Form type
4/A - Amendment
Filing time
03 Jun 2021, 16:25:05 UTC
Date Of Original Report
24 May 2021
Next filing
25 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBCN Common Stock Award $2,073 +87 +8.3% $23.83 1,130 24 May 2021 Direct F1, F2
transaction MBCN Common Stock Tax liability $524 -22 -1.9% $23.83 1,108 24 May 2021 Direct F2
holding MBCN Common Stock 2 24 May 2021 as Custodian for Grandson

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 1,765 24 May 2021 Common Stock 1,765 $22.50 Direct F3
holding MBCN Conditional Stock Award 891 24 May 2021 Common Stock 891 $26.09 Direct F4
holding MBCN Conditional Stock Award 658 24 May 2021 Common Stock 658 $21.22 Direct F5
* 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 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.
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 26, 2020.
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 March 5, 2019.

Remarks:

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