FIRST BANCORP /NC/ — Director's Dealing 2010

Jan 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /NC/ (FBNC)
CIK: 0000811589
Period of Report: 2010-01-07

Reporting Person: BURNS JOHN F (Director, EXECUTIVE VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-07	Common Stock	M	1667	$9.75	Acquired	72000.521	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-07	Stock Options (Right to Buy)	$9.75	M	1667	Disposed	2010-09-14	Common Stock (1667)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5354.1994	Indirect