FIRST BANCORP /PR/ — Director's Dealing 2011

Dec 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /PR/ (FBP)
CIK: 0001057706
Period of Report: 2011-11-29

Reporting Person: ALEMAN AURELIO (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-29	Common Stock	P	26666	$3.5	Acquired	54999	Direct
2011-12-01	Common Stock	P	10000	$3.355	Acquired	64999	Direct

Footnotes

F1: Shares acquired by the reporting person through the exercise of rights distributed by the Issuer to stockholders of record as of September 6, 2011 in connection with the Issuer's Rights Offering, which expired in accordance with its terms at 5:00 p.m. EST, on November 29, 2011.

F2: This amount represents the weighted average purchase price for the transactions reported on this line, which prices range from $3.3385 to $3.3597. Upon written request by SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares purchased at each separate price may be provided