FIRST BANCORP /PR/ — Director's Dealing 2012

Aug 6, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: HARMON MICHAEL P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-02	First BanCorp Common Stock, par value $0.10 per share	A	7485	$3.34	Acquired	7485	Direct

Footnotes

F1: Restricted stock issued pursuant to the First BanCorp 2008 Omnibus Incentive Plan, as amended. The shares will vest on August 2, 2013.

F2: The reporting person is a Managing Director of Oaktree Capital Management, L.P. ("Oaktree"), a registered investment adviser under the Investment Advisers Act of 1940, as amended. These shares of Common Stock are held directly by the reporting person for the benefit of OCM FIE, LLC ("FIE"), a wholly owned subsidiary of Oaktree. Pursuant to the policies of Oaktree, the reporting person must hold these shares of Common Stock on behalf of and for the sole benefit of FIE and is assigning all economic, pecuniary and voting rights to FIE. The reporting person disclaims beneficial ownership of these securities, and the filing of this Form 4 shall not be construed as an admission that such person is the beneficial owner of such securities covered by this Form 4, except to the extent of any indirect pecuniary interest therein.