Hedgepeth William L 4

4 · SELECT BANCORP, INC. · Filed Oct 5, 2021

Form 4

Period: 2021-10-05

DirectorPresident & CEO

Transactions

Exercise/Conversion
common stock
2021-10-05+35,200→ 81,167 total
Exercise/Conversion
stock options
2021-10-05$6.93/sh−15,000$103,950→ 0 total
Exercise: $6.93Exp: 2025-02-11→ common stock (15,000 underlying)
Exercise/Conversion
stock options
2021-10-05$8.04/sh−15,000$120,600→ 0 total
Exercise: $8.04Exp: 2026-02-23→ common stock (15,000 underlying)
Exercise/Conversion
stock options
2021-10-05$10.15/sh−5,200$52,780→ 1,300 total
Exercise: $10.15Exp: 2027-01-24→ common stock (6,500 underlying)

Holdings

common stock
(indirect: By Spouse)
18,580
Options to Purchase Common Stock
Exercise: $11.84Exp: 2030-01-21→ Common Stock (15,000 underlying)
15,000
Options to Purchase Common Stock
Exercise: $9.41Exp: 2031-01-26→ Common Stock (7,500 underlying)
7,500
Options to Purchase Common Stock
Exercise: $11.27Exp: 2027-09-06→ common stock (7,000 underlying)
7,000
Options to Purchase Common Stock
Exercise: $11.84Exp: 2029-01-22→ common stock (15,000 underlying)
15,000

Footnotes (8)

[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

Documents

1 file