MICHAEL RANTTILA - 10 Mar 2023 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role
Bank Chief Financial Officer
Signature
Michael C. Ranttila by James R. Heslop, II Power of Attorney
Issuer symbol
MBCN
Transactions as of
10 Mar 2023
Net transactions value
+$77,980
Form type
4
Filing time
17 Mar 2023, 10:18:06 UTC
Previous filing
01 Mar 2023
Next filing
29 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MBCN Common Stock 2,932 10 Mar 2023 Direct F1
holding MBCN Common Stock 2 10 Mar 2023 as Custodian for Grandson

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 $77,980 +2,846 $27.40 2,846 10 Mar 2023 Common Stock 2,846 $27.40 Direct F2
holding MBCN Conditional Stock Award 2,016 10 Mar 2023 Common Stock 2,016 $24.80 Direct F3
holding MBCN Conditional Stock Award 1,765 10 Mar 2023 Common Stock 1,765 $22.50 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares acquired under the MBCN Dividend Reinvestment Plan.
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 March 17, 2023.
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.
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, 2021.