James R. Heslop II - 03 Dec 2021 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role: Exec. Vice President/COO, Director
Signature: James R. Heslop, II
Issuer symbol: MBCN
Transactions as of: 03 Dec 2021
Net transactions value: +$7,575
Form type: 4
Filing time: 06 Dec 2021, 05:59:15 UTC
Previous filing: 09 Sep 2021
Next filing: 03 Jan 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	Purchase	$7,575	+300	+16%	$25.25	2,136	03 Dec 2021	held in IRA
holding	MBCN	Common Stock						27,479	03 Dec 2021	Direct

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						2,921	03 Dec 2021	Common Stock	2,921	$22.50	Direct	F1
holding	MBCN	Conditional Stock Award						2,422	03 Dec 2021	Common Stock	2,422	$26.09	Direct	F2
holding	MBCN	Conditional Stock Award						2,978	03 Dec 2021	Common Stock	2,978	$21.22	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
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 26, 2020.
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 March 5, 2019.