SEC Form 4 · accession 0001638599-19-000124
SELECT BANCORP, INC. · SLCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
walter keith betts
Officer — Chief Banking Officer
Period of report
Jan 22, 2019
Accepted (ET)
Jan 24, 2019 · 2:13 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 stockF3 | $11.84 | Jan 22, 2019 | A | 7,500 | A | — | Jan 22, 2029 | common stock | 7,500 | 7,500 | D |
| Stock OptionsF1 | $8.12 | holding | — | — | — | — | Apr 14, 2026 | common stock | 2,500 | 2,500 | D |
| Stock OptionsF2 | $10.15 | holding | — | — | — | — | Jan 24, 2027 | common stock | 1,700 | 1,700 | D |
Explanation of responses
- F1The option vests in five equal annual installments beginning on April 14, 2017, subject to holder's continued employment.
- F2The option vests in five equal annual installments beginning on January 24, 2018, subject to holder's continued employment.
- F3The option vests in five equal annual installments beginning on January 22, 2020, subject to holder's continued employment.