SEC Form 4 · accession 0001127602-18-018228
FIRST BANCORP /NC/ · FBNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric P Credle
Officer — CHIEF FINANCIAL OFFICER
Period of report
May 17, 2018
Accepted (ET)
May 21, 2018 · 11:25 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000811589
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 17, 2018 | X | 6,270 | $16.53 | A | 36,197 | D | |
| Common Stock | holding | — | — | — | 10,399 | I | 401k Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F1 | $16.53 | May 17, 2018 | X | 6,270 | D | Dec 31, 2011 | Jun 17, 2018 | Common Stock | 6,270 | 0 | D |
Explanation of responses
- F1On June 18, 2008 the reporting person was granted an option to purchase 18,809 shares of common stock. The option vests in three equal installments based on First Bancorp's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2008, 2009, and 2010. The performance criteria for 2009 were met, resulting in the vesting of the option as to 6,270 shares. The option will not become exercisable unless the reporting person remains employed with First Bancorp and otherwise eligible to exercise options on December 31, 2011.