James R. Heslop II - 08 Jun 2022 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role: Chief Executive Officer, Director
Signature: James R. Heslop, II
Issuer symbol: MBCN
Transactions as of: 08 Jun 2022
Net transactions value: +$100
Form type: 4
Filing time: 09 Jun 2022, 06:56:06 UTC
Previous filing: 07 Jun 2022
Next filing: 10 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	Purchase	$100	+4	+0.19%	$25.00	2,144	08 Jun 2022	held in IRA
holding	MBCN	Common Stock						29,363	08 Jun 2022	Direct

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	08 Jun 2022	Common Stock	3,931	$24.80	Direct	F1
holding	MBCN	Conditional Stock Award						2,921	08 Jun 2022	Common Stock	2,921	$22.50	Direct	F2
holding	MBCN	Conditional Stock Award						2,422	08 Jun 2022	Common Stock	2,422	$26.09	Direct	F3

* 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.