FIRST BANCORP /NC/ — Director's Dealing 2010

Feb 12, 2010

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /NC/ (FBNC)
CIK: 0000811589
Period of Report: 2009-12-31

Reporting Person: NIXON TERESA C (EXECUTIVE VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-01-29	Common Stock	L	4.1351	$14.51	Acquired	18622.8925	Direct
2009-02-25	Common Stock	L	5.3908	$11.13	Acquired	18628.2833	Direct
2009-03-25	Common Stock	L	4.9958	$12.01	Acquired	18633.2791	Direct
2009-04-24	Common Stock	L	5.0505	$11.88	Acquired	18638.3296	Direct
2009-05-26	Common Stock	L	4.6368	$12.94	Acquired	18642.9664	Direct
2009-06-25	Common Stock	L	4.415	$13.59	Acquired	18647.3814	Direct
2009-07-24	Common Stock	L	3.3278	$18.03	Acquired	18650.7092	Direct
2009-08-25	Common Stock	L	3.2293	$18.58	Acquired	18653.9385	Direct
2009-09-25	Common Stock	L	3.3021	$18.17	Acquired	18657.2406	Direct
2009-10-23	Common Stock	L	3.9422	$15.22	Acquired	18661.1828	Direct
2009-11-25	Common Stock	L	4.463	$13.44	Acquired	18665.6458	Direct
2009-12-28	Common Stock	L	4.1899	$14.32	Acquired	18669.8357	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17765.4895	Indirect
Common Stock	2314	Indirect
Common Stock	37	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$15.3267	2011-07-25	Common Stock (6000)	6000	Direct
Stock Options (Right to Buy)	$21.70	2014-04-01	Common Stock (9000)	9000	Direct