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FIRST BANCORP /PR/ — Director's Dealing 2021
Mar 23, 2021
31248_dirs_2021-03-23_df38b627-abbf-4bf1-b90c-836fe32094cf.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FIRST BANCORP /PR/ (FBP)
CIK: 0001057706
Period of Report: 2021-03-21
Reporting Person: Garcia Calixto (EVP)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-21 | First BanCorp Common Stock, par value $0.10 per share. | F | 1253 | $12.22 | Disposed | 193229 | Direct |
| 2021-03-21 | First BanCorp Common Stock, par value $0.10 per share. | F | 2398 | $12.22 | Disposed | 194482 | Direct |
| 2021-03-21 | First BanCorp Common Stock, par value $0.10 per share. | F | 7153 | $12.22 | Disposed | 196880 | Direct |
| 2021-03-21 | First BanCorp Common Stock, par value $0.10 per share. | M | 19928 | — | Acquired | 204033 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-21 | Performance Share Unit | $ | M | 19928 | Acquired | 2021-03-21 | Common Stock (19928) | Direct |
Footnotes
F1: Shares withheld to cover taxes related to a restricted stock that vested on March 21, 2021 pursuant to the terms of the restricted stock award made on March 21, 2019.
F2: Shares withheld to cover taxes related to a restricted stock that vested on March 21, 2021 pursuant to the terms of the restricted stock award made on March 21, 2018.
F3: Shares withheld to cover taxes related to the performance share units granted in a restricted stock that vested on March 21, 2021, pursuant to the terms of the long-term incentive award made on March 21, 2018
F4: Performance Share Units granted as a performance award, vesting based upon degree of achievement of performance goal. Each performance right represents a contingent right to receive one share of FBP common stock. At the end of the performance period, 100% of the award is paid in common stock free of restrictions. If the final amount is less than 100% of the share units, the balance is forfeited to the Corporation.
F5: Performance shares that vested based in the achievement of the performance goal at a level resulting in 100% of target, pursuant to a grant of performance shares award made on March 21, 2018.
F6: The amount of 38,177 performance share units were granted as a performance award, with 10,408 shares granted on March 21, 2019 and 27,779 shares granted on March 18, 2020, respectively, and vest based upon the degree of achievement of performance goals. Each performance right represents a contingent right to receive one share of FBP common stock.