FIRST BANCORP /PR/ — Director's Dealing 2014

Dec 29, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /PR/ (FBP)
CIK: 0001057706
Period of Report: 2014-12-24

Reporting Person: MARTINO EMILIO (EVP and CLO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-24	First BanCorp Common Stock	A	658	$5.84	Acquired	127300	Direct
2014-12-24	First BanCorp Common Stock	F	189	$5.84	Disposed	127111	Direct

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 $5.84 (the closing price of the
Issuer's common stock as quoted on the NYSE on December 24, 2014, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F2: Includes 2,614 shares purchased through the Employee Purchase Plan.