0001209191-17-032133.txt : 20170512
0001209191-17-032133.hdr.sgml : 20170512
20170512181647
ACCESSION NUMBER: 0001209191-17-032133
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170510
FILED AS OF DATE: 20170512
DATE AS OF CHANGE: 20170512
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FIRST BANCORP /PR/
CENTRAL INDEX KEY: 0001057706
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 660561882
STATE OF INCORPORATION: PR
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1519 PONCE DE LEON AVE
STREET 2: SANTURCE
CITY: SAN JUAN
STATE: PR
ZIP: 00908-0146
BUSINESS PHONE: 7877298200
MAIL ADDRESS:
STREET 1: 1519 PONCE DE LEON AVE
STREET 2: PO BOX 9146
CITY: SAN JUAN
STATE: PR
ZIP: 00908-0146
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Odell Lawrence
CENTRAL INDEX KEY: 0001354500
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14793
FILM NUMBER: 17840390
MAIL ADDRESS:
STREET 1: P O BOX 9146
CITY: SAN JUAN
STATE: PR
ZIP: 00908-0146
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-05-10
0
0001057706
FIRST BANCORP /PR/
FBP
0001354500
Odell Lawrence
P.O. BOX 9146
SAN JUAN
PR
00908-0146
PUERTO RICO
0
1
0
0
EVP and General Counsel
First BanCorp Common Stock
2017-05-10
4
A
0
802
5.75
A
422096
D
First BanCorp Common Stock
2017-05-10
4
F
0
244
5.75
D
421852
D
First BanCorp Common Stock
2017-05-10
4
D
0
195705
0.00
D
226147
D
First BanCorp Common Stock
2017-05-10
4
F
0
5463
5.75
D
220684
D
First BanCorp Common Stock
2017-05-10
4
F
0
3939
5.75
D
216745
D
First BanCorp Common Stock
2017-05-10
4
F
0
4524
5.75
D
212221
D
First BanCorp Common Stock
2017-05-10
4
F
0
3579
5.75
D
208642
D
First BanCorp Common Stock
1333
I
Reporting Person's Children
Salary 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 $5.75 (the closing price of the Issuer's common stock as quoted on the NYSE on May 10, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.
Reflects the forfeiture of restricted stock resulting from the sale by the United States Department of the Treasury ("U.S. Treasury") of its
remaining shares of the Issuer's Common Stock at a price that, together with its proceeds from prior sales of the Issuer's Common Stock, resulted in its failure to recoup its entire original investment in the Issuer through the U.S. Treasury Troubled Asset Relief Program Capital Purchase Program.
Shares withheld to cover taxes related to restricted stock that vested pursuant to the terms of the restricted stock award dated March 21, 2012 but remained subject to TARP restrictions on transfer until the U.S. Treasury confirmed on May 10, 2017 that it had agreed to sell all of its remaining 10,291,553 shares of the Issuer's common stock, which caused that the restrictions on an additional 25% of the shares awarded were released as of such date.
Shares withheld to cover taxes related to restricted stock that vested pursuant to the terms of the restricted stock award dated April 3, 2013 but remained subject to TARP restrictions on transfer until the U.S. Treasury confirmed on May 10, 2017 that it had agreed to sell all of its remaining 10,291,553 shares of the Issuer's common stock, which caused that the restrictions on an additional 25% of the shares awarded were released as of such date.
Shares withheld to cover taxes related to restricted stock that vested pursuant to the terms of the restricted stock award dated March 27, 2014 but remained subject to TARP restrictions on transfer until the U.S. Treasury confirmed on May 10, 2017 that it had agreed to sell all of its remaining 10,291,553 shares of the Issuer's common stock, which caused that the restrictions on an additional 25% of the shares awarded were released as of such date.
Shares withheld to cover taxes related to restricted stock that vested pursuant to the terms of the restricted stock award dated March 20, 2015 but remained subject to TARP restrictions on transfer until the U.S. Treasury confirmed on May 10, 2017 that it had agreed to sell all of its remaining 10,291,553 shares of the Issuer's common stock, which caused that the restrictions on an additional 25% of the shares awarded were released as of such date.
1,333 shares were acquired for the benefit of the reporting person's children.
/s/Lawrence Odell
2017-05-12