FIRST BANCORP /PR/ — Director's Dealing 2014

May 30, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /PR/ (FBP)
CIK: 0001057706
Period of Report: 2014-05-28

Reporting Person: Odell Lawrence (EVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-28	First BanCorp Common Stock	A	579	$4.98	Acquired	198447	Direct
2014-05-28	First BanCorp Common Stock	F	176	$4.98	Disposed	198271	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
First BanCorp Common Stock	1333	Indirect

Footnotes

F1: Salary stock issued bi-weekly as a portion of the reporting person's salary compensation under the First BanCorp 2008 Omnibus Incentive
Plan, as amended. Salary stock is fully vested on the date of grant. The number of shares represented by this award was determined by
dividing the dollar value of the award granted to the reporting person by $4.98 (the closing price of the Issuer's common stock as quoted on
the NYSE on May 28, 2014, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F2: 1,333 shares were acquired for the benefit of the reporting person's children.