FIRST BANCORP /PR/ — Director's Dealing 2013

Aug 20, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /PR/ (FBP)
CIK: 0001057706
Period of Report: 2013-08-16

Reporting Person: HAGERTY THOMAS M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-16	Common Stock	S	8000000	$6.6656	Disposed	42684485	Indirect

Footnotes

F1: Shares represent aggregate holdings of Thomas H. Lee Advisors (Alternative) VI, Ltd. ("Advisors"), THL FBC Equity Investors, L.P. ("FBC Fund"), Thomas H. Lee (Alternative) Fund VI, L.P. ("Fund VI"), Thomas H. Lee (Alternative) Parallel Fund VI, L.P. ("Parallel Fund VI") and Thomas H. Lee (Alternative) Parallel (DT) Fund VI ("DT Fund VI"; together with FBC Fund, Fund VI and Parallel Fund VI, the "Funds"). Advisors is the general partner of THL Advisors (Alternative) VI, L.P., which, in turn, is the general partner of FBC Fund, Fund VI, Parallel Fund VI and DT Fund VI. The reporting person is a Managing Director of Advisors. As such, the reporting person may be deemed to beneficially own the shares of the Issuer owned directly by each of the Funds.

F2: The reporting person disclaims beneficial ownership of such shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for the purpose of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.

F3: This amount represents the $6.75 public offering price per share of the Issuer's common stock less the underwriting discount of $0.0844 per share.