SEC Form 4 · accession 0001209191-17-021475
FIRST BANCORP /PR/ · FBP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ginoris Lopez-Lay
Officer — EVP
Period of report
Mar 15, 2016
Accepted (ET)
Mar 17, 2017 · 5:16 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 |
|---|---|---|---|---|---|---|---|---|
| First BanCorp Common StockF1 | Mar 15, 2017 | A | 1,683 | $5.71 | A | 357,460 | D | |
| First BanCorp Common StockF1 | Mar 15, 2017 | F | 625 | $5.71 | D | 356,835 | D | |
| First BanCorp Common StockF2 | Mar 15, 2017 | S | 116,991 | $5.7852 | D | 239,844 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Salary 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.
- F2This 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.