Donald L. Stacy - Mar 1, 2022 Form 4/A - Amendment Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role: Treasurer/CFO
Signature: Donald L. Stacy by James R. Heslop, II Power of Attorney
Stock symbol: MBCN
Transactions as of: Mar 1, 2022
Transactions value $: $29,348
Form type: 4/A - Amendment
Date filed: 3/3/2022, 03:08 PM
Date Of Original Report: Mar 3, 2022
Previous filing: Feb 25, 2022
Next filing: Dec 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MBCN	Common Stock	Award	$58.3K	+2.28K	+25.4%	$25.52	11.3K	Mar 1, 2022	Direct	F1, F2
transaction	MBCN	Common Stock	Tax liability	-$28.9K	-1.13K	-10.05%	$25.52	10.1K	Mar 1, 2022	Direct	F2
holding	MBCN	Common Stock						4.04K	Mar 1, 2022	held in IRA
holding	MBCN	Common Stock						43.5	Mar 1, 2022	Direct	F2, F3

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						2.42K	Mar 1, 2022	Common Stock	2.42K	$24.80	Direct	F4
holding	MBCN	Conditional Stock Award						2.47K	Mar 1, 2022	Common Stock	2.47K	$22.50	Direct	F5
holding	MBCN	Conditional Stock Award						2.08K	Mar 1, 2022	Common Stock	2.08K	$26.09	Direct	F6

* 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	Includes shares acquired under MBCN Dividend Reinvestment Plan.
F3	held jointly with son
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, 2022.
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 25, 2021.
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 February 26, 2020.