FIRST BANCORP /PR/ — Director's Dealing 2012

Aug 7, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: FIRST BANCORP /PR/ (FBP)
CIK: 0001057706
Period of Report: 2012-08-02

Reporting Person: OCM FIE, LLC (See Footnotes 1 and 2)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.10 per share	7485	Indirect

Footnotes

F1: This Form 3 is being filed by OCM FIE, LLC ("FIE"), in its capacity as the assignee of all economic, pecuniary and voting rights to 7,485 shares of restricted stock granted on August 2, 2012 to Michael P. Harmon, a Managing Director of Oaktree Capital Management, L.P. and a director of First Bancorp. Mr. Harmon holds these 7,485 shares of restricted stock for the benefit of FIE. Pursuant to Oaktree's policies, Mr. Harmon must hold the shares on behalf of and for the benefit of FIE and is assigning all economic, pecuniary and voting rights to FIE.

F2: The restricted stock will fully vest on August 2, 2013 and was issued pursuant to the First Bancorp 2008 Omnibus Incentive Plan. Concurrently with the filing of this Form 3, a Form 4 is being filed on the date hereof for (i) Oaktree Fund GP, LLC ("GP"), in its capacity as the managing member of FIE, (ii) Oaktree Fund GP I, L.P. ("GP I"), in its capacity as the managing member of GP; (iii) Oaktree Capital I, L.P. ("Capital I"), in its capacity as the general partner of GP I; (iv) OCM Holdings I, LLC ("Holdings I"), in its capacity as the general partner of Capital I; (v) Oaktree Holdings, LLC ("Holdings"), in its capacity as the managing member of Holdings I; (vi) Oaktree Capital Group, LLC ("OCG"), in its capacity as the managing member of Holdings; and (vii) Oaktree Capital Group Holdings GP, LLC ("OCGH GP"), in its capacity as manager of OCG.