FIRST BANCORP /NC/ — Director's Dealing 2012

Feb 14, 2012

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /NC/ (FBNC)
CIK: 0000811589
Period of Report: 2011-12-31

Reporting Person: Ocheltree Jerry L (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-23	Common Stock	P	45.7344	$11.37	Acquired	23155.5237	Direct
2011-11-25	Common Stock	P	52.3139	$9.94	Acquired	23155.5237	Direct
2011-10-25	Common Stock	P	43.369	$11.99	Acquired	23155.5237	Direct
2011-09-23	Common Stock	P	54.9683	$9.46	Acquired	23155.5237	Direct
2011-08-25	Common Stock	P	57.0801	$9.11	Acquired	23155.5237	Direct
2011-07-25	Common Stock	L	51.485	$10.10	Acquired	23155.5237	Direct
2011-06-24	Common Stock	L	49.4297	$10.52	Acquired	23155.5237	Direct
2011-05-25	Common Stock	L	44.6352	$11.65	Acquired	23155.5237	Direct
2011-04-25	Common Stock	L	39.424	$13.19	Acquired	23155.5237	Direct
2011-03-25	Common Stock	L	39.4537	$13.18	Acquired	23155.5237	Direct
2011-01-25	Common Stock	L	31.804	$16.35	Acquired	23155.5237	Direct
2011-02-25	Common Stock	L	35.6898	$14.57	Acquired	23155.5237	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9275.2832	Indirect

Footnotes

F1: Certain of the reporting person's purchases of FBNC common stock reported herein on this Form 5 were matchable under Section 16(b) of the Securities Exchange Act of 1934 with the reporting person's subsequent sale of shares of FBNC common stock at a price of $11.0397 per share on February 8, 2012. The reporting person has paid $254.51, representing the full amount of the profit realized in connection with the short-swing transaction.

F2: The transaction code for this transaction is "P4" as the transaction should have been reported previously on Form 4.