Carlie C. McLamb Jr. - 16 Aug 2021 Form 4 Insider Report for SELECT BANCORP, INC.

Role: Director
Signature: /s/Carlie C. McLamb Jr.
Issuer symbol: N/A
Transactions as of: 16 Aug 2021
Net transactions value: +$50,760
Form type: 4
Filing time: 16 Aug 2021, 17:05:54 UTC
Previous filing: 10 Aug 2021
Next filing: 06 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SLCT	Common Stock	Purchase	$50,760	+3,000	+10%	$16.92	32,934	16 Aug 2021	Owned by spouse
holding	SLCT	Common Stock						47,925	16 Aug 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SLCT	Right to Acquire Common Stock						1,578	16 Aug 2021	Common Stock	1,578		Direct	F2
holding	SLCT	Options to Purchase Common Stock						7,000	16 Aug 2021	Common Stock	7,000	$11.27	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Securities listed as beneficially owned do not include shares held by Rabbi Trust in the Issuers amended and restated directors deferral plan in which the reporting person is a participant.
F2	Represents shares granted to the reporting person under the terms of the Select Bancorp, Inc. 2018 Omnibus Stock Incentive Plan. Pursuant to the amended and restated directors deferral plan, the reporting person has elected to defer receipt of the shares until the reporting persons separation from service as such term is defined in Internal Revenue Code Section 409A(a)(2)(A)(i) and applicable regulations and other guidance thereunder.
F3	The option vests in five equal annual installments beginning on September 6, 2018.