0001209191-18-021556.txt : 20180323 0001209191-18-021556.hdr.sgml : 20180323 20180323184100 ACCESSION NUMBER: 0001209191-18-021556 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180321 FILED AS OF DATE: 20180323 DATE AS OF CHANGE: 20180323 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Power Carlos CENTRAL INDEX KEY: 0001578141 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14793 FILM NUMBER: 18711356 MAIL ADDRESS: STREET 1: P.O. BOX 9146 CITY: SAN JUAN STATE: PR ZIP: 00908-0146 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 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2018-03-21 0 0001057706 FIRST BANCORP /PR/ FBP 0001578141 Power Carlos P.O. BOX 9146 SAN JUAN PR 00908-0146 PUERTO RICO 0 1 0 0 EVP First BanCorp Common Stock, par value $0.10 per share 2018-03-21 4 A 0 13575 0.00 A 214166 D First BanCorp Common Stock, par value $0.10 per share 22571.1819 I Through 401K Plan. Performance Share Unit 2018-03-21 4 A 0 20362 0.00 A 2021-03-21 Common Stock 20362 20362 D Shares of restricted stock issued pursuant to the First BanCorp Omnibus Incentive Plan, as amended. The shares shall fully vest solely on the basis of the passage of time over a three year period, with 50% vesting on year two or March 21, 2020 and the remaining 50% vesting on year three or March 21, 2021. Performance Share Units granted as a performance award, vesting based upon degree of achievement of performance goal. Each performance right represents a contingent right to receive one share of FBP common stock. At the end of the performance period, 100% of the award is paid in common stock free of restrictions. If the final amount is less than 100% of the share units, the balance is forfeited to the Corporation. /s/Carlos Power 2018-03-23