FIRST BANCORP /PR/ — Director's Dealing 2015

Nov 27, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /PR/ (FBP)
CIK: 0001057706
Period of Report: 2015-11-25

Reporting Person: RIVERA NAYDA (EVP and CRO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-25	First BanCorp Common Stock	A	2465	$3.90	Acquired	245655	Direct
2015-11-25	First BanCorp Common Stock	F	678	$3.90	Disposed	244977	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
First BanCorp Common Stock	1386.136	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 $3.90 (the closing price of the
Issuer's common stock as quoted on the NYSE on November 25, 2015, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F2: Includes 1,253 shares purchased through the Employee Purchase Plan.

F3: Shares acquired through the 401K Plan Trust