FIRST BANCORP /NC/ — Director's Dealing 2011

Feb 14, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /NC/ (FBNC)
CIK: 0000811589
Period of Report: 2010-12-31

Reporting Person: Ocheltree Jerry L (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-25	Common Stock	J	22.65	$15.45	Acquired	21920.1646	Direct
2010-01-25	Common Stock	L	33.657	$15.45	Acquired	21920.1646	Direct
2010-02-25	Common Stock	L	35.5677	$14.62	Acquired	21920.1646	Direct
2010-03-25	Common Stock	L	36.5169	$14.24	Acquired	21920.1646	Direct
2010-04-23	Common Stock	J	86.926	$15.92	Acquired	21920.1646	Direct
2010-04-23	Common Stock	L	32.666	$15.918	Acquired	21920.1646	Direct
2010-05-25	Common Stock	L	33.0067	$15.754	Acquired	21920.1646	Direct
2010-06-25	Common Stock	L	34.0984	$15.25	Acquired	21920.1646	Direct
2010-07-26	Common Stock	J	84.206	$15.66	Acquired	21920.1646	Direct
2010-07-26	Common Stock	L	33.206	$15.66	Acquired	21920.1646	Direct
2010-08-25	Common Stock	L	42.0032	$12.38	Acquired	21920.1646	Direct
2010-09-27	Common Stock	L	40.625	$12.80	Acquired	21920.1646	Direct
2010-10-25	Common Stock	J	99.306	$13.44	Acquired	21920.1646	Direct
2010-10-25	Common Stock	L	38.69	$13.44	Acquired	21920.1646	Direct
2010-11-24	Common Stock	L	36.7232	$14.16	Acquired	21920.1646	Direct
2010-12-24	Common Stock	L	36.4912	$14.25	Acquired	21920.1646	Direct
2010-12-31	Common Stock	J	964.1274	—	Acquired	8347.7732	Indirect

Footnotes

F1: Dividend reinvestment

F2: 401k adjustment