SEC Form 4 · accession 0001638599-19-000126
SELECT BANCORP, INC. · SLCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Richard Tobin Jr.
Officer — Executive Vice President
Period of report
Jan 22, 2019
Accepted (ET)
Jan 24, 2019 · 2:28 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 | — | — | — | 650 | I | IRA account | |
| common stock | holding | — | — | — | 1,000 | D | ||
| common stock | holding | — | — | — | 0 | D | ||
| common stock | holding | — | — | — | 50 | 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 | $6.30 | holding | — | — | — | — | Feb 19, 2023 | common stock | 3,000 | 1,000 | D |
| stock optionsF2 | $10.15 | holding | — | — | — | — | Jan 24, 2027 | common stock | 2,700 | 2,700 | D |
Explanation of responses
- F1These stock options are fully vested.
- 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.