Sec Form 4 Filing - Grant Kimberly J @ MTBC, Inc. - 2020-06-29

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Grant Kimberly J 2. Issuer Name and Ticker or Trading Symbol MTBC, Inc. [ MTBC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) General Counsel & Secretary (Last) (First) (Middle) 7 CLYDE ROAD 3. Date of Earliest Transaction (MM/DD/YY) 06/29/2020 (Street) SOMERSET, NJ08873 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 06/29/2020 M 6,500 A $ 0 ( 2 ) 6,500 D Common Stock 06/29/2020 F( 3 ) 2,275 D $ 8.19 4,225 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Unit $ 0 ( 1 ) 06/29/2020 A 6,500 ( 1 ) ( 1 ) Common Stock 6,500 $ 0 ( 1 ) 12,500 D Restricted Stock Unit $ 0 ( 2 ) 06/29/2020 M 6,500 ( 2 ) ( 2 ) Common Stock 6,500 $ 0 ( 2 ) 6,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Grant Kimberly J 7 CLYDE ROAD SOMERSET, NJ08873 General Counsel & Secretary Signatures /s/ Kimberly J. Grant 06/30/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The restricted stock unit was granted on June 29, 2020 and vested immediately. ( 2 )Represents the conversion upon vesting of restricted stock units into common stock on June 29, 2020. These restricted stock units and the shares ofcommon stock issued upon vesting of such units were acquired under the Company's Amended and Restated Equity Incentive Plan, without payment bythe reporting person. The remainder of the restricted stock units vests on various dates between August 2020 and August 2021. ( 3 )Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of the common stock. This is not an open market sale ofsecurities.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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