FIRST BANCORP /NC/ — Director's Dealing 2012

Jan 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /NC/ (FBNC)
CIK: 0000811589
Period of Report: 2011-12-30

Reporting Person: MCLAURIN LEE C (EXECUTIVE VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-30	Common Stock	M	793	—	Acquired	6843	Direct
2011-12-30	Common Stock	F	262	$11.15	Disposed	6581	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-30	Performance Units	$0	M	793	Disposed	2011-12-31	Common Stock (793)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7369.9575	Indirect

Footnotes

F1: Each performance unit represents a contingent right to receive one share of First Bancorp common stock. The performance rights vest if the recipient remains employed with the Company and otherwise eligible to receive the shares on December 31, 2011.