Alfred F. Thompson Jr. - 23 Feb 2022 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role: EVP/Chief Credit Officer
Signature: Alfred F. Thompson, Jr. by Julie E. Shaw Power of Attorney
Issuer symbol: MBCN
Transactions as of: 23 Feb 2022
Net transactions value: +$42,482
Form type: 4
Filing time: 29 Mar 2022, 08:34:11 UTC
Next filing: 02 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MBCN	Common Stock						1,459	23 Feb 2022	Direct	F1
holding	MBCN	Common Stock						327	23 Feb 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	$42,482	+1,713		$24.80	1,713	23 Feb 2022	Common Stock	1,713	$24.80	Direct	F3

* 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.