SEC Form 4 · accession 0001140361-17-030839
FIRST BANCORP /PR/ · FBP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joshua D Bresler
Director
Period of report
Aug 7, 2017
Accepted (ET)
Aug 9, 2017 · 4:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001057706
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF4,F1,F3 | Aug 7, 2017 | S | 10,000,000 | $5.655 | D | 10,028,702 | I | See Footnotes |
| Common StockF5 | holding | — | — | — | 3,644 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares represent aggregate holdings of THL FBC Equity Investors, L.P. ("FBC Fund"), Thomas H. Lee (Alternative) Fund VI, L.P. ("Fund VI"), Thomas H. Lee (Alternative) Parallel Fund VI, L.P. ("Parallel Fund VI"), Thomas H. Lee (Alternative) Parallel (DT) Fund VI ("DT Fund VI"; together with FBC Fund, Fund VI and Parallel Fund VI, the "Funds") and THL Managers VI, LLC ("Managers VI").
- F2Represents shares of the Issuer sold by the following entities: 126,305 shares sold by FBC Fund; 5,499,346 shares sold by Fund VI; 3,723,865 shares sold by Parallel Fund VI; and 650,484 shares sold by DT Fund VI.
- F3The Reporting Person holds an interest in Thomas H. Lee Advisors (Alternative) VI, Ltd., which is the general partner of THL Advisors (Alternative) VI, L.P., which is the general partner of the Funds. The Reporting Person is also a Managing Director of Thomas H. Lee Partners, L.P., which is the managing member of Managers VI. Therefore, the Reporting Person may be deemed to beneficially own the shares of the Issuer owned directly by the Funds and Managers VI. The Reporting Person disclaims beneficial ownership of all shares of the Issuer except to the extent of his pecuniary interest.
- F4This amount represents the $5.655 price per share (after the deduction of the underwriters' discount) of the Issuer's common stock purchased by the underwriters.
- F5Pursuant to the operative agreements among certain of the Funds, any securities issued to persons serving as directors of portfolio companies of the Funds, such as the Issuer, are to be held for the benefit of the Funds.