FIRST BANCORP /PR/ — Director's Dealing 2012

Mar 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /PR/ (FBP)
CIK: 0001057706
Period of Report: 2012-03-21

Reporting Person: RIVERA NAYDA (EVP/Chief Risk Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-21	First BanCorp Common Stock, par value $0.10 per share	A	37500	$4	Acquired	38466	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
First BanCorp Common Stock, par value $0.10 per share	909.9854	Indirect

Footnotes

F1: Issued pursuant to the First BanCorp 2008 Omnibus Incentive Plan, as amended. The shares will vest as follows: fifty percent (50%) of the shares will vest on the second anniversary date of the grant and the remaining fifty percent (50%) will vest on the third anniversary date of the grant. Notwithstanding vesting, the reporting person will be restricted from transferring the shares pursuant to additional TARP related restrictions.

F2: Includes 433 shares purchased through the Employee Purchase Plan.

F3: The number of underlined securities is based on stock fund balance on December 31, 2011. The actual number of shares issuable upon the distribution date is not determinable since stock fund is a unitized account consisting of 95% company stock and 5% cash.