John W. Mccauley - Oct 12, 2021 Form 4 Insider Report for SELECT BANCORP, INC. (SLCT)

Role: Director
Signature: /s/ John W. McCauley
Stock symbol: SLCT
Transactions as of: Oct 12, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/13/2021, 11:38 AM
Next filing: Oct 18, 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	+16.3%	$11.27	40K	Oct 12, 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
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						1.58K	Oct 12, 2021	Common Stock	1.58K		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.