SEC Form 4 · accession 0001144204-15-011910
SELECT BANCORP, INC. · SLCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary J. Brock
Officer — Chief Credit Officer
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 4:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001263762
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stock | Feb 23, 2015 | M | 15,342 | $5.25 | A | 19,724 | D | |
| commom stock | Feb 23, 2015 | M | 5,479 | $4.22 | A | 25,203 | D | |
| common stock | Feb 23, 2015 | M | 5,479 | $4.38 | A | 30,682 | D | |
| common stock | Feb 23, 2015 | M | 7,306 | $4.65 | A | 37,988 | D | |
| common stock | Feb 23, 2015 | S | 33,606 | $6.63 | D | 4,382 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| stock options | $5.25 | Feb 23, 2015 | M | 15,342 | D | Feb 21, 2008 | Feb 21, 2018 | common stock | 15,342 | 0 | D |
| stock options | $4.22 | Feb 23, 2015 | M | 5,479 | D | Mar 18, 2010 | Mar 18, 2020 | common stock | 5,479 | 0 | D |
| stock options | $4.38 | Feb 23, 2015 | M | 5,479 | D | May 18, 2011 | May 18, 2021 | common stock | 5,479 | 0 | D |
| stock options | $4.65 | Feb 23, 2015 | M | 7,306 | D | Sep 20, 2012 | Sep 20, 2022 | common stock | 7,306 | 0 | D |
Remarks
(1) This transaction was executed in multiple trades at prices ranging from $6.25 to $7.07. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.