FIRST BANCORP /PR/ — Director's Dealing 2018

May 25, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST BANCORP /PR/ (FBP)
CIK: 0001057706
Period of Report: 2018-05-23

Reporting Person: Lopez-Lay Ginoris (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-23	First BanCorp Common Stock, par value $0.10 per share.	A	1211	$7.94	Acquired	154613	Direct
2018-05-23	First BanCorp Common Stock, par value $0.10 per share.	F	392	$7.94	Disposed	154221	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 $7.94 the closing price of the Issuer's common stock as quoted on the NYSE on May 23, 2018, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.