James R. Heslop II - 01 Mar 2022 Form 4/A - Amendment Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role
Exec. Vice President/COO, Director
Signature
James R. Heslop, II
Issuer symbol
MBCN
Transactions as of
01 Mar 2022
Net transactions value
+$40,066
Form type
4/A - Amendment
Filing time
03 Mar 2022, 14:48:01 UTC
Date Of Original Report
03 Mar 2022
Previous filing
25 Feb 2022
Next filing
07 Jun 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 $69,670 +2,730 +9.8% $25.52 30,523 01 Mar 2022 Direct F1
transaction MBCN Common Stock Tax liability $29,603 -1,160 -3.8% $25.52 29,363 01 Mar 2022 Direct
holding MBCN Common Stock 2,136 01 Mar 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
holding MBCN Conditional Stock Award 3,931 01 Mar 2022 Common Stock 3,931 $24.80 Direct F2
holding MBCN Conditional Stock Award 2,921 01 Mar 2022 Common Stock 2,921 $22.50 Direct F3
holding MBCN Conditional Stock Award 2,422 01 Mar 2022 Common Stock 2,422 $26.09 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition represents the vesting of performance shares granted to the reporting person on March 1, 2019, which vested on the third anniversary of their grant date based upon the Company's total shareholder return.
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.