Courtney M. Erminio - Feb 23, 2022 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Signature
Courtney M. Erminio by James R. Heslop, II Power of Attorney
Stock symbol
MBCN
Transactions as of
Feb 23, 2022
Transactions value $
$42,482
Form type
4
Date filed
2/25/2022, 12:54 PM
Previous filing
Jun 3, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MBCN Common Stock 1.46K Feb 23, 2022 Direct F1
holding MBCN Common Stock 151 Feb 23, 2022 Direct F1, F2

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
transaction MBCN Conditional Stock Award Award $42.5K +1.71K $24.80 1.71K Feb 23, 2022 Common Stock 1.71K $24.80 Direct F3
holding MBCN Conditional Stock Award 834 Feb 23, 2022 Common Stock 834 $22.50 Direct F4
holding MBCN Conditional Stock Award 698 Feb 23, 2022 Common Stock 698 $26.09 Direct F5
holding MBCN Conditional Stock Award 834 Feb 23, 2022 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 Includes shares acquired under MBCN Dividend Reinvestment Plan.
F2 Includes shares held jointly with spouse.
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, 2022.
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.