James R. Heslop II - 01 Jul 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
01 Jul 2022
Net transactions value
+$7,787
Form type
4
Filing time
01 Jul 2022, 08:09:49 UTC
Previous filing
10 Jun 2022
Next filing
22 Nov 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 $7,787 +309 +1.1% $25.20 29,672 01 Jul 2022 Direct F1
holding MBCN Common Stock 2,636 01 Jul 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 Jul 2022 Common Stock 3,931 $24.80 Direct F2
holding MBCN Conditional Stock Award 2,921 01 Jul 2022 Common Stock 2,921 $22.50 Direct F3
holding MBCN Conditional Stock Award 2,422 01 Jul 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 Shares acquired under Director Compensation program for members of the Board of Directors of The Middlefield Banking Company.
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.