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: Ocheltree Jerry L (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-01-29	Common Stock	L	35.837	$14.51	Acquired	7275.497	Direct
2009-02-25	Common Stock	L	46.7206	$11.13	Acquired	7322.2176	Direct
2009-03-25	Common Stock	L	43.2973	$12.01	Acquired	7365.5149	Direct
2009-04-24	Common Stock	L	43.77	$11.88	Acquired	7409.2849	Direct
2009-06-25	Common Stock	L	38.2634	$13.59	Acquired	7447.5483	Direct
2009-07-24	Common Stock	L	28.841	$18.03	Acquired	7476.3893	Direct
2009-08-25	Common Stock	L	27.9871	$18.58	Acquired	7504.3764	Direct
2009-09-25	Common Stock	L	28.6186	$18.17	Acquired	7532.995	Direct
2009-10-23	Common Stock	L	22.301	$15.22	Acquired	7555.296	Direct
2009-11-25	Common Stock	L	38.6905	$13.44	Acquired	7593.9865	Direct
2009-12-28	Common Stock	L	36.3128	$14.32	Acquired	7630.2993	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7383.6458	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$15.327	2011-07-25	Common Stock (0)	0	Direct
Stock Options (Right to Buy)	$21.70	2014-04-01	Common Stock (3000)	3000	Direct