FIRST BANCORP /PR/ — Director's Dealing 2017

Mar 17, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /PR/ (FBP)
CIK: 0001057706
Period of Report: 2016-03-15

Reporting Person: Lopez-Lay Ginoris (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-15	First BanCorp Common Stock	A	1683	$5.71	Acquired	357460	Direct
2017-03-15	First BanCorp Common Stock	F	625	$5.71	Disposed	356835	Direct
2017-03-15	First BanCorp Common Stock	S	116991	$5.7852	Disposed	239844	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 $5.71 (the closing price of the Issuer's common stock as quoted on the NYSE on March 15, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F2: This amount represents the weigthed avarage purchase price for the transaction on this line, which prices range from $5.73 to $5.83. Upon written request by SEC staff, the issuer or any security holder of the issuer, full information regarding the number of shares sold at each separate price may be provided.