FIRST BANCORP /PR/ — Director's Dealing 2016

Nov 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /PR/ (FBP)
CIK: 0001057706
Period of Report: 2016-11-08

Reporting Person: MARTINO EMILIO (EVP and CLO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-08	First BanCorp Common Stock	A	1122	$5.14	Acquired	286335	Direct
2016-11-08	First BanCorp Common Stock	F	315	$5.14	Disposed	286020	Direct

Footnotes

F1: Salary stock issued bi-weekly as a portion of the reporting person's salary compensation under the First BanCorp 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 $5.14 (the closing price of the Issuer's common stock as quoted on the NYSE on November 8, 2016, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F2: Includes 3,762 shares purchased through the Employee Purchase Plan.