0001638599-21-000765.txt : 20211019 0001638599-21-000765.hdr.sgml : 20211019 20211019151146 ACCESSION NUMBER: 0001638599-21-000765 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211015 FILED AS OF DATE: 20211019 DATE AS OF CHANGE: 20211019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: McLamb Carlie C Jr CENTRAL INDEX KEY: 0001497800 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50400 FILM NUMBER: 211330694 MAIL ADDRESS: STREET 1: C/O NEW CENTURY BANK 700 W CUMBERLAND ST CITY: DUNN STATE: NC ZIP: 28334 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SELECT BANCORP, INC. CENTRAL INDEX KEY: 0001263762 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 200218264 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: MARK A JEFFRIES STREET 2: 700 WEST CUMBERLAND ST CITY: DUNN STATE: NC ZIP: 283351988 BUSINESS PHONE: (910) 892-7080 MAIL ADDRESS: STREET 1: MARK A JEFFRIES STREET 2: 700 WEST CUMBERLAND ST CITY: DUNN STATE: NC ZIP: 283351988 FORMER COMPANY: FORMER CONFORMED NAME: NEW CENTURY BANCORP INC DATE OF NAME CHANGE: 20030915 4 1 doc4_7390.xml PRIMARY DOCUMENT X0306 4 2021-10-15 0 0001263762 SELECT BANCORP, INC. SLCT 0001497800 McLamb Carlie C Jr 700 W CUMBERLAND ST DUNN NC 28334 1 0 0 0 Common Stock 2021-10-15 4 D 0 29934 D 0 I Owned by spouse Common Stock 2021-10-15 4 D 0 53525 D 0 D Right to Acquire Common Stock 2021-10-15 4 D 0 1578 0 D Common Stock 1578 0 D Options to Purchase Common Stock 11.27 2021-10-15 4 D 0 1400 0 D 2027-09-06 Common Stock 1400 0 D Disposed of pursuant to the Agreement and Plan of Merger and Reorganization, dated as of June 1, 2021 (the Merger Agreement), by and between First Bancorp and Select Bancorp, Inc., pursuant to which Select Bancorp, Inc., was merged with and into First Bancorp, effective October 15, 2021 (the Merger). Pursuant to the Merger Agreement, at the effective date of the Merger, each issued and outstanding share of Select Bancorp, Inc. common stock was converted into the right to receive 0.408 of a share of First Bancorp common stock (subject to the payment of cash in lieu of fractional shares). As a result of the Merger the reporting person no longer beneficially owns, directly or indirectly any shares of Select Bancorp, Inc. common stock. Represents the right to receive shares of Select Bancorp, Inc. common stock under Select's Amended and Restated Directors' Deferral Plan (the Deferral Plan). The Deferral Plan was terminated as of the effective date of the Merger. Each share in the Deferral Plan represents the right to receive 0.408 of a share of First Bancorp common stock. Upon the closing of the Merger, each outstanding and unexercised option to purchase shares of Select Bancorp, Inc. common stock, whether or not previously vested, was cancelled in exchange for a cash payment of $18.00 minus the exercise price of each share of Select Bancorp, Inc. common stock subject to such stock option. /s/Carlie C. McLamb Jr. 2021-10-19