Ronald L. Zimmerly Jr. - Jan 2, 2024 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role
Director
Signature
/s/ Ronald L. Zimmerly, Jr. by Julie E. Shaw Power of Attorney
Stock symbol
MBCN
Transactions as of
Jan 2, 2024
Transactions value $
$7,769
Form type
4
Date filed
1/2/2024, 06:10 PM
Previous filing
Jan 8, 2024
Next filing
Sep 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBCN Common Stock Award $7.77K +240 +0.75% $32.37 32.2K Jan 2, 2024 Direct F1
holding MBCN Common Stock 2.01K Jan 2, 2024 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 3.72K Jan 2, 2024 Common Stock 3.72K $27.40 Direct F2
holding MBCN Conditional Stock Award 11.4K Jan 2, 2024 Common Stock 11.4K $28.60 Direct F3
* 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 8kK filing dated March 17, 2023.
F3 The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Zimmerly remains continuously employed by Middlefield as of each vesting date. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipent.