K. Clark Stallings - Oct 7, 2021 Form 4 Insider Report for SELECT BANCORP, INC. (SLCT)

Role
Director
Signature
/s/ K. Clark Stallings
Stock symbol
SLCT
Transactions as of
Oct 7, 2021
Transactions value $
-$86,765
Form type
4
Date filed
10/7/2021, 12:58 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 +10.5K +46.73% 33.1K Oct 7, 2021 Direct F1
holding SLCT Common Stock 24.6K Oct 7, 2021 By self as trustee for Children
holding SLCT Common Stock 2K Oct 7, 2021 By Wife
holding SLCT Common Stock 750K Oct 7, 2021 By The Bill and Faye Stallings Family Trust II
holding SLCT Common Stock 184K Oct 7, 2021 By The Marion Faye Stallings Living Trust
holding SLCT Common Stock 1.59K Oct 7, 2021 Direct F2

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 Options to Purchase Common Stock Options Exercise -$12.8K -2.6K -100% $4.93 0 Oct 7, 2021 Common Stock 2.6K $4.93 Direct
transaction SLCT Options to Purchase Common Stock Options Exercise -$10.8K -2.33K -100% $4.65 0 Oct 7, 2021 Common Stock 2.33K $4.65 Direct
transaction SLCT Options to Purchase Common Stock Options Exercise -$63.1K -5.6K -80% $11.27 1.4K Oct 7, 2021 Common Stock 7K $11.27 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,602 options @ $4.93; 2,328 options @ $4.65; 5,600 options @ $11.27
F2 Shares granted to the reporting person under the terms of the Select Bancorp, Inc. 2018 Omnibus Stock Incentive Plan.
F3 The option vests in five equal annual installments beginning on September 6, 2018.