SEC Form 4 · accession 0001638599-19-000120
SELECT BANCORP, INC. · SLCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lynn H. Johnson
Officer — Chief Operating Officer
Period of report
Jan 22, 2019
Accepted (ET)
Jan 24, 2019 · 1:47 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 | holding | — | — | — | 100 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to purchase common stockF5 | $11.84 | Jan 22, 2019 | A | 7,500 | A | — | Jan 22, 2029 | common stock | 7,500 | 7,500 | D |
| stock optionsF1 | $5.25 | holding | — | — | — | — | Jan 18, 2021 | common stock | 700 | 700 | D |
| stock optionsF2 | $6.93 | holding | — | — | — | — | Feb 11, 2025 | common stock | 7,500 | 7,500 | D |
| stock optionsF3 | $8.04 | holding | — | — | — | — | Feb 23, 2026 | common stock | 10,000 | 10,000 | D |
| stock optionsF4 | $10.15 | holding | — | — | — | Jan 24, 2018 | Jan 24, 2027 | common stock | 4,200 | 4,200 | D |
Explanation of responses
- F1These stock options are fully vested.
- F2The option vests in five equal annual installments beginning on February 11, 2016, subject to holder's continued employment.
- F3The option vests in five equal annual installments beginning on February 23, 2017, subject to holder's continued employment.
- F4The option vests in five equal annual installments beginning on January 24, 2018, subject to holder's continued employment.
- F5The option vests in five equal annual installments beginning on January 22, 2020, subject to holder's continued employment.