James R. Heslop II - May 16, 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
May 16, 2023
Transactions value $
$13,017
Form type
4
Date filed
5/17/2023, 11:36 AM
Previous filing
May 15, 2023
Next filing
Jul 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBCN Common Stock Purchase $13K +577 +17.7% $22.56 3.84K May 16, 2023 held in IRA
holding MBCN Common Stock 33.2K May 16, 2023 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 4.11K May 16, 2023 Common Stock 4.11K $27.40 Direct F1
holding MBCN Conditional Stock Award 3.93K May 16, 2023 Common Stock 3.93K $24.80 Direct F2
holding MBCN Conditional Stock Award 2.92K May 16, 2023 Common Stock 2.92K $22.50 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 March 17, 2023.
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.