Filing Details

Accession Number:
0001638599-20-000491
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-05-15 10:21:03
Reporting Period:
2020-02-03
Accepted Time:
2020-05-15 10:21:03
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1263762 Select Bancorp Inc. SLCT State Commercial Banks (6022) 200218264
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1377701 Keith Walter Betts 700 W Cumberland St
Dunn NC 28334
Chief Banking Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2020-02-03 100 $11.64 0 No 4 S Direct
Common Stock Acquisiton 2020-05-14 1,500 $6.26 1,500 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Options $8.12 2026-04-14 2,500 2,500 Direct
Common Stock Stock Options $10.15 2027-01-24 1,700 1,700 Direct
Common Stock Options to Purchase Common Stock $11.84 2029-01-22 7,500 7,500 Direct
Common Stock Options to Purchase Common Stock $11.84 2030-01-21 5,000 5,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2026-04-14 2,500 2,500 Direct
2027-01-24 1,700 1,700 Direct
2029-01-22 7,500 7,500 Direct
2030-01-21 5,000 5,000 Direct
Footnotes
  1. The sale of the 100 shares was reported late.
  2. Mr. Betts has disgorged the Section 16(b) profit on this transaction to the Issuer.
  3. The option vests in five equal annual installments beginning on April 14, 2017, subject to holder's continued employment.
  4. The option vests in five equal annual installments beginning on January 24, 2018, subject to holder's continued employment.
  5. The option vests in five equal annual installments beginning on January 22, 2020, subject to holder's continued employment.
  6. The option vests in five equal annual installments beginning on January 21, 2021, subject to holder's continued employment