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: Rodriguez Perello Jose F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-29	Common Stock	P	22068	$3.5	Acquired	75336	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: Includes shares of restricted stock grants: 89 vested on December 1, 2009, 89 vested on December 1, 2010, and 90 vests on December 1, 2011.