HEDGEPETH WILLIAM L

PrivateCIK: 1354630

Location

DUNN, NC

HEDGEPETH WILLIAM L (President & CEO) exercised options at SELECT BANCORP, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

HEDGEPETH WILLIAM L

Filed: 10/5/2021ACC: 0001638599-21-000747

InsiderHEDGEPETH WILLIAM LCIK 1354630

→

IssuerSELECT BANCORP, INC.CIK 1263762

DirectorOfficer· President & CEO

Since Aug 2018

0.00

Net shares

Net seller

$0.00

Total acquired

0

Open market trades

0B · 0S

4

Total transactions

35.20K acquired · 35.20K disposed

Non-Derivative Transactions1

common stock

Direct

M · Option Exercise

Shares

+35.20K

Price / share

—

Trade value

—

% of position

76.6%

10/5/2021

45.97K→81.17K

Total

Net shares

+35.20K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
common stock Direct	10/5/2021	M · Option Exercise	+35.20K	—	—	76.6%	45.97K	81.17K
Total			+35.20K		$0.00

Derivative Transactions3

stock options

Direct

M · Option Exercise

Converts to

common stock

15K shares

Shares

−15K

Strike price

8.04

Held after

0.00

Exercisable

—

10/5/2021

stock options

Direct

M · Option Exercise

Converts to

common stock

15K shares

Shares

−15K

Strike price

6.93

Held after

0.00

Exercisable

—

10/5/2021

stock options

Direct

M · Option Exercise

Converts to

common stock

6.50K shares

Shares

−5.20K

Strike price

10.15

Held after

1.30K

Exercisable

—

10/5/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
stock options Direct	common stock15K shares	10/5/2021	M · Option Exercise	−15K	8.04	—	0.00
stock options Direct	common stock15K shares	10/5/2021	M · Option Exercise	−15K	6.93	—	0.00
stock options Direct	common stock6.50K shares	10/5/2021	M · Option Exercise	−5.20K	10.15	—	1.30K

Non-Derivative Holdings (Post-Transaction)1

common stock

Indirect

Shares owned18.58K

Total

18.58K indirect18.58K

Security Title	Shares Owned	Ownership Type
common stock	18.58K	Indirect
Total	18.58K	18.58K indirect

Derivative Holdings (Post-Transaction)4

Options to Purchase Common Stock

Direct

Underlying security

Common Stock

Underlying shares

15K

Shares owned

15K

Exercise price

11.84

Expiration

—

Exercise window

—

Options to Purchase Common Stock

Direct

Underlying security

common stock

Underlying shares

7K

Shares owned

7K

Exercise price

11.27

Expiration

—

Exercise window

—

Options to Purchase Common Stock

Direct

Underlying security

common stock

Underlying shares

15K

Shares owned

15K

Exercise price

11.84

Expiration

—

Exercise window

—

Options to Purchase Common Stock

Direct

Underlying security

Common Stock

Underlying shares

7.50K

Shares owned

7.50K

Exercise price

9.41

Expiration

—

Exercise window

—

Total

Underlying

44.50K

Owned

44.50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Options to Purchase Common Stock Direct	Common Stock	11.84	—	—	15K	15K
Options to Purchase Common Stock Direct	common stock	11.27	—	—	7K	7K
Options to Purchase Common Stock Direct	common stock	11.84	—	—	15K	15K
Options to Purchase Common Stock Direct	Common Stock	9.41	—	—	7.50K	7.50K
Total					44.50K	44.50K

HEDGEPETH WILLIAM L — Insider Transaction (Form 4) Filed Oct 5, 2021 | Finecho