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: PERKINS GEORGE R JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-01-29	Common Stock	L	4.13	$14.529	Acquired	487137.3992	Direct
2009-02-25	Common Stock	L	5.3908	$11.13	Acquired	487142.79	Direct
2009-03-15	Common Stock	L	4.9958	$12.01	Acquired	487147.7858	Direct
2009-04-24	Common Stock	L	5.05	$11.882	Acquired	487152.8358	Direct
2009-05-26	Common Stock	L	4.6368	$12.94	Acquired	487157.4726	Direct
2009-06-25	Common Stock	L	4.415	$13.59	Acquired	487161.8876	Direct
2009-07-24	Common Stock	L	3.319	$18.079	Acquired	487165.2066	Direct
2009-08-25	Common Stock	L	3.2293	$18.58	Acquired	487168.4359	Direct
2009-09-25	Common Stock	L	3.3021	$18.17	Acquired	487171.738	Direct
2009-10-23	Common Stock	L	3.935	$15.248	Acquired	487175.673	Direct
2009-11-25	Common Stock	L	4.4643	$13.44	Acquired	487180.1373	Direct
2009-12-28	Common Stock	L	4.1899	$14.32	Acquired	487184.3272	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$10.50	2010-06-01	Common Stock (2250)	2250	Direct
Stock Options (Right to Buy)	$16.00	2011-06-01	Common Stock (2250)	2250	Direct
Stock Options (Right to Buy)	$15.3667	2012-06-01	Common Stock (2250)	2250	Direct
Stock Options (Right to Buy)	$17.30	2013-06-01	Common Stock (2250)	2250	Direct
Stock Options (Right to Buy)	$19.6867	2014-06-01	Common Stock (2250)	2250	Direct
Stock Options (Right to Buy)	$22.12	2015-06-28	Common Stock (2250)	2250	Direct
Stock Options (Right to Buy)	$21.83	2016-06-01	Common Stock (2250)	2250	Direct
Stock Options (Right to Buy)	$19.61	2017-06-01	Common Stock (2250)	2250	Direct
Stock Options (Right to Buy)	$16.81	2018-06-01	Common Stock (2250)	2250	Direct
Stock Options (Right to Buy)	$14.35	2019-06-01	Common Stock (2250)	2250	Direct