Michael Ranttila - Feb 23, 2022 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role
Bank Chief Financial Officer
Signature
Michael C. Ranttila by James R. Heslop, II Power of Attorney
Stock symbol
MBCN
Transactions as of
Feb 23, 2022
Transactions value $
$49,997
Form type
4
Date filed
2/25/2022, 01:18 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 1.13K Feb 23, 2022 Direct F1
holding MBCN Common Stock 2 Feb 23, 2022 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
transaction MBCN Conditional Stock Award Award $50K +2.02K $24.80 2.02K Feb 23, 2022 Common Stock 2.02K $24.80 Direct F2
holding MBCN Conditional Stock Award 1.77K Feb 23, 2022 Common Stock 1.77K $22.50 Direct F3
holding MBCN Conditional Stock Award 891 Feb 23, 2022 Common Stock 891 $26.09 Direct F4
holding MBCN Conditional Stock Award 658 Feb 23, 2022 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 Includes shares acquired under MBCN Dividend Reinvestment Plan.
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 25, 2022.
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.