William L. Hedgepeth - Oct 5, 2021 Form 4 Insider Report for SELECT BANCORP, INC. (SLCT)

Role
President & CEO, Director
Signature
/s/William L Hedgepeth
Stock symbol
SLCT
Transactions as of
Oct 5, 2021
Transactions value $
-$277,330
Form type
4
Date filed
10/5/2021, 05:10 PM
Next filing
Oct 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLCT common stock Options Exercise +35.2K +76.58% 81.2K Oct 5, 2021 Direct F8
holding SLCT common stock 18.6K Oct 5, 2021 Joint with spouse

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
transaction SLCT stock options Options Exercise -$121K -15K -100% $8.04 0 Oct 5, 2021 common stock 15K $8.04 Direct F2
transaction SLCT stock options Options Exercise -$104K -15K -100% $6.93 0 Oct 5, 2021 common stock 15K $6.93 Direct F1
transaction SLCT stock options Options Exercise -$52.8K -5.2K -80% $10.15 1.3K Oct 5, 2021 common stock 6.5K $10.15 Direct F3
holding SLCT Options to Purchase Common Stock 7K Oct 5, 2021 common stock 7K $11.27 Direct F4
holding SLCT Options to Purchase Common Stock 15K Oct 5, 2021 common stock 15K $11.84 Direct F5
holding SLCT Options to Purchase Common Stock 15K Oct 5, 2021 Common Stock 15K $11.84 Direct F6
holding SLCT Options to Purchase Common Stock 7.5K Oct 5, 2021 Common Stock 7.5K $9.41 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests in five equal annual installments beginning on February 11, 2016, subject to holder's continued employment.
F2 The option vests in five equal annual installments beginning on February 23, 2017, subject to holder's continued employment.
F3 The option vests in five equal annual installments beginning on January 24, 2018, subject to holder's continued employment.
F4 The option vests in five equal annual installments beginning on September 6, 2018, subject to holder's continued employment.
F5 The option vests in five equal annual installments beginning on January 22, 2020, subject to holder's continued employment.
F6 The option vests in five equal annual installments beginning on January 21, 2021, subject to holder's continued employment.
F7 The option vests in five equal annual installments beginning on January 26, 2022, subject to holder continued employment.
F8 15,000 @ $6.93; 15,000 @ $8.04; 5,200 @ $10.15