SEC Form 4/A · accession 0001209191-15-011288
FIRST BANCORP /PR/ · FBP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Cassan Pancham
Officer — EVP
Period of report
Jan 7, 2015
Accepted (ET)
Feb 10, 2015 · 3:26 pm EST
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 |
|---|---|---|---|---|---|---|---|---|
| First BanCorp Common StockF1 | Jan 7, 2015 | A | 1,015 | $5.68 | A | 160,050 | D | |
| First BanCorp Common StockF1,F2 | Jan 7, 2015 | F | 335 | $5.68 | D | 159,715 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Amended the amount of shares disposed to cover tax withholdings to correct an error in the amounts reported on a Form 4 filed on January 9, 2015 with respect to salary stock issued as a portion of the reporting person's salary compensation under the First BanCorp 2008 Omnibus Incentive Plan, as amended. Salary stock is fully vested on the date of grant, which was January 7, 2015. The number of shares represented by this award was determined by dividing the dollar value of the award granted to the reporting person by $5.68 (the closing price of the Issuer's common stock as quoted on the NYSE on January 7, 2015, the last trading day of the pay period). The shares reported as disposed of were withheld for tax purposes.
- F2Includes 874 shares purchased through the Employee Purchase Plan.