Noticed that standard edition is grey out, after further research, found below note:
Oracle Database 12c Release 1 Patchset 1 (12.1.0.2) is being released only as Enterprise Edition at this time. At some later date, we expect to release 12.1.0.2 Standard Edition and Standard Edition One. The Installer in the initial release will only offer the option of installing as Enterprise Edition, and licensed use will require an Enterprise Edition license.
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