SEC Form 4 · accession 0001638599-19-000322

SELECT BANCORP, INC. · SLCT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Operating Officer

Period of report

Mar 7, 2019

Accepted (ET)

Mar 11, 2019 · 9:37 am EDT

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
Common Stock	Mar 7, 2019	M	700	$5.25	A	800	D
Common Stock	Mar 7, 2019	M	6,000	$6.93	A	6,800	D
Common Stock	Mar 7, 2019	M	6,000	$8.04	A	12,800	D
Common Stock	Mar 7, 2019	M	1,680	$10.15	A	14,480	D
Common Stock	Mar 7, 2019	S	14,380	$11.5879	D	100	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F1	$5.25	Mar 7, 2019	M	700	D	—	Jan 18, 2021	Common Stock	700	0	D
Employee Stock Option (right to buy)^F2	$6.93	Mar 7, 2019	M	6,000	D	—	Feb 11, 2025	Common Stock	6,000	1,500	D
Employee Stock Option (right to buy)^F3	$8.04	Mar 7, 2019	M	6,000	D	—	Feb 23, 2026	Common Stock	6,000	4,000	D
Employee Stock Option (right to buy)^F4	$10.15	Mar 7, 2019	M	1,680	D	—	Jan 24, 2027	Common Stock	1,680	2,520	D
Employee Stock Option (right to buy)^F5	$11.84	holding	—	—	—	—	Jan 22, 2029	Common Stock	7,500	7,500	D

F1These options vested in five equal installments on January 18, 2012, 2013, 2014, 2015, and 2016.
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.