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FIRST BANCORP /NC/ — Director's Dealing 2018
May 21, 2018
31608_dirs_2018-05-21_4841237a-033f-40f6-9da1-c365bf7648c7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FIRST BANCORP /NC/ (FBNC)
CIK: 0000811589
Period of Report: 2018-05-17
Reporting Person: CREDLE ERIC P (CHIEF FINANCIAL OFFICER)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-17 | Common Stock | X | 6270 | $16.53 | Acquired | 36197 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-05-17 | Stock Options (Right to Buy) | $16.53 | X | 6270 | Disposed | 2018-06-17 | Common Stock (6270) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 10398.601 | Indirect |
Footnotes
F1: On June 18, 2008 the reporting person was granted an option to purchase 18,809 shares of common stock. The option vests in three equal installments based on First Bancorp's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2008, 2009, and 2010. The performance criteria for 2009 were met, resulting in the vesting of the option as to 6,270 shares. The option will not become exercisable unless the reporting person remains employed with First Bancorp and otherwise eligible to exercise options on December 31, 2011.