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: NIXON TERESA C (EXECUTIVE VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-23	Common Stock	L	5.277	$11.37	Acquired	24779.7553	Direct
2011-11-25	Common Stock	L	6.0362	$9.94	Acquired	24779.7553	Direct
2011-10-25	Common Stock	L	5.0042	$11.99	Acquired	24779.7553	Direct
2011-09-23	Common Stock	P	6.3425	$9.46	Acquired	24779.7553	Direct
2011-08-25	Common Stock	P	6.5862	$9.11	Acquired	24779.7553	Direct
2011-07-25	Common Stock	P	5.9406	$10.10	Acquired	24779.7553	Direct
2011-06-24	Common Stock	P	5.7034	$10.52	Acquired	24779.7553	Direct
2011-05-25	Common Stock	P	5.1502	$11.65	Acquired	24779.7553	Direct
2011-04-25	Common Stock	P	4.5489	$13.19	Acquired	24779.7553	Direct
2011-03-28	Common Stock	S	2091.9974	$13.4788	Disposed	18567.8721	Indirect
2011-03-25	Common Stock	P	4.5524	$13.18	Acquired	24779.7553	Direct
2011-02-25	Common Stock	P	4.1181	$14.57	Acquired	24779.7553	Direct
2011-01-25	Common Stock	P	3.6697	$16.35	Acquired	24779.7553	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1414	Indirect
Common Stock	37	Indirect

Footnotes

F1: Certain of the reporting person's purchases of FBNC common stock herein on this Form 5 were matchable under Section 16(b) of the Securities Exchange Act of 1934 with the reporting person's sale of shares of FBNC common stock through a loan from the reporting person's 401(k) account on March 28, 2011. The reporting person has paid $103.48 to the Company, representing the full amount of the profit realized in connection with the short swing transactions.

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

F3: The transaction code for this transaction is "S4" as the transaction should have been previously reported on Form 4.