THOMAS G. CALDWELL - 03 Jan 2022 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role
President/Chief Executive Offi, Director
Signature
Thomas G. Caldwell by James R. Heslop, II Power of Attorney
Issuer symbol
MBCN
Transactions as of
03 Jan 2022
Net transactions value
+$7,787
Form type
4
Filing time
04 Jan 2022, 10:17:27 UTC
Previous filing
01 Jul 2021
Next filing
03 Mar 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 $7,787 +314 +1.7% $24.80 18,532 03 Jan 2022 Direct F1
holding MBCN Common Stock 31,627 03 Jan 2022 Direct F2, F3
holding MBCN Common Stock 536 03 Jan 2022 Custodian for Children F1

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 5,291 03 Jan 2022 Common Stock 5,291 $22.50 Direct F4
holding MBCN Conditional Stock 4,387 03 Jan 2022 Common Stock 4,387 $26.09 Direct F5
holding MBCN Conditional Stock 5,396 03 Jan 2022 Common Stock 5,396 $21.22 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired under Director Compensation program for members of the Board of Directors of The Middlefield Banking Company.
F2 Includes shares acquired under 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.