Michael L. Allen - 10 Mar 2023 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
17 Mar 2023, 10:03:58 UTC
Prior SEC filing
01 Mar 2023
Next SEC filing
02 Jan 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Michael L. Allen by James R. Heslop, II Power of Attorney

Key filing fact

Michael L. Allen filed Form 4 for MIDDLEFIELD BANC CORP (MBCN) on 17 Mar 2023.

Key facts

  • This page summarizes Michael L. Allen's Form 4 filing for MIDDLEFIELD BANC CORP (MBCN).
  • 1 reported transaction and 3 derivative rows are listed below.
  • Accepted by SEC: 17 Mar 2023, 10:03.

Change

  • Previous filing in this sequence was filed on 01 Mar 2023.
  • Current net transaction value: +$54,362.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MBCN holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,033
Date
10 Mar 2023
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MBCN transaction Derivative

Conditional Stock Award

Award

Transaction value
$54,362
Shares
+1,984
Change %
Price
$27.40
Shares after
1,984
Date
10 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,984
Exercise price
$27.40
Footnotes
F1
MBCN holding Derivative

Conditional Stock Award

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,116
Date
10 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,116
Exercise price
$24.80
Footnotes
F2
MBCN holding Derivative

Conditional Stock Award

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,276
Date
10 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,276
Exercise price
$22.50
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

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