James R. Heslop II - Feb 23, 2022 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role: Exec. Vice President/COO, Director
Signature: James R. Heslop, II
Stock symbol: MBCN
Transactions as of: Feb 23, 2022
Transactions value $: $97,489
Form type: 4
Date filed: 2/25/2022, 01:27 PM
Previous filing: Jan 3, 2022
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MBCN	Common Stock						27.8K	Feb 23, 2022	Direct
holding	MBCN	Common Stock						2.14K	Feb 23, 2022	held in IRA

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	$97.5K	+3.93K		$24.80	3.93K	Feb 23, 2022	Common Stock	3.93K	$24.80	Direct	F1
holding	MBCN	Conditional Stock Award						2.92K	Feb 23, 2022	Common Stock	2.92K	$22.50	Direct	F2
holding	MBCN	Conditional Stock Award						2.42K	Feb 23, 2022	Common Stock	2.42K	$26.09	Direct	F3
holding	MBCN	Conditional Stock						2.98K	Feb 23, 2022	Common Stock	2.98K	$21.22	Direct	F4

* 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, 2022.
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, 2021.
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 26, 2020.
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 March 5, 2019.