James R. Heslop II - Jan 3, 2023 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role: Chief Executive Officer, Director
Signature: James R. Heslop, II
Stock symbol: MBCN
Transactions as of: Jan 3, 2023
Transactions value $: $7,782
Form type: 4
Date filed: 1/3/2023, 06:18 AM
Previous filing: Dec 2, 2022
Next filing: Mar 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MBCN	Common Stock	Award	$7.78K	+284	+0.9%	$27.40	31.8K	Jan 3, 2023	Direct	F1
holding	MBCN	Common Stock						2.84K	Jan 3, 2023	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						3.93K	Jan 3, 2023	Common Stock	3.93K	$24.80	Direct	F2
holding	MBCN	Conditional Stock Award						2.92K	Jan 3, 2023	Common Stock	2.92K	$22.50	Direct	F3
holding	MBCN	Conditional Stock Award						2.42K	Jan 3, 2023	Common Stock	2.42K	$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.