Sharon Lamb Raynor - Oct 12, 2021 Form 4 Insider Report for SELECT BANCORP, INC. (SLCT)

Role
Director
Signature
/s/ Sharon Lamb Raynor
Stock symbol
SLCT
Transactions as of
Oct 12, 2021
Transactions value $
$0
Form type
4
Date filed
10/13/2021, 11:44 AM
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 $63.1K +5.6K +93.21% $11.27 11.6K Oct 12, 2021 Direct F1
holding SLCT Common Stock 73K Oct 12, 2021 Jointly with Husband
holding SLCT Common Stock 180K Oct 12, 2021 By Husband

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 -$63.1K -5.6K -80% $11.27 1.4K Oct 12, 2021 Common Stock 7K $11.27 Direct F3
holding SLCT Right to Acquire Common Stock 1.59K Oct 12, 2021 Common Stock 1.59K Direct F2
* 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.