SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

HOLDING FRANK B

(Last)

(First)

(Middle)

POST OFFICE BOX 1377

(Street)

SMITHFIELD

27577

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST CITIZENS BANCSHARES INC /DE/ [ FCNCA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice Chairman

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock								1,066,826	D
Class A Common Stock								240,836⁽¹⁾	I	By adult children and their spouses and children
Class A Common Stock								26,430⁽¹⁾	I	By trust for adult children
Class A Common Stock								8,214⁽²⁾	I	By Twin States Farming, Inc.
Class A Common Stock								167,600⁽²⁾	I	By First Citizens Bancorporation, Inc.
Class A Common Stock								28,628⁽²⁾	I	By Heritage BancShares, Inc. and subsidiary
Class A Common Stock								100,000⁽²⁾	I	By Fidelity BancShares, Inc.
Class A Common Stock								46,699⁽²⁾	I	By Southern BancShares(N.C.), Inc.
Class A Common Stock								46,000⁽²⁾	I	By Southern Bank and Trust Company
Class A Common Stock								54,000⁽²⁾	I	By Goshen, Inc.
Class A Common Stock								627⁽²⁾	I	By E&F Properties, Inc.
Class B Common Stock								553,616⁽¹⁾	I	By adult children and their spouses and children
Class B Common Stock								45,900⁽²⁾	I	By First Citizens Bancorporation, Inc.
Class B Common Stock								22,619⁽²⁾	I	By Southern BancShares (N.C.), Inc.
Class B Common Stock								6,175⁽¹⁾	I	By trust for adult children
Class B Common Stock								1,355⁽²⁾	I	By Twin States Farming, Inc.
Class B Common Stock								200⁽²⁾	I	By E&F Properties, Inc.
Class A Common Stock								508,629⁽¹⁾	I	By Ella Ann 2009 GRAT
Class B Common Stock								7,497⁽¹⁾	I	By Ella Ann 2008 GRAT
Class B Common Stock								35,216⁽¹⁾	I	By Ella Ann 2009 GRAT
Class A Common Stock								1,318⁽¹⁾	I	By spouse
Class A Common Stock								16,789	I	By F. Holding 2008 GRAT
Class B Common Stock								3,519⁽¹⁾	I	By spouse
Class A Common Stock								184,304⁽¹⁾	I	By Ella Ann 2008 GRAT
Class B Common Stock								950⁽¹⁾	I	By Ella Ann Lee Holding Revocable Trust dtd October 24, 2007
Class A Common Stock								310	I	By F. Holding 2009 GRAT
Class B Common Stock								2,400	D
Class A Common Stock								25	I	By: F. Holding 2010 GRAT
Class B Common Stock	05/20/2010		P		775	A	$201.24	1,200	I	By Frank B. Holding Revocable Trust Dated October 24, 2004
Class B Common Stock	05/21/2010		P		150	A	$195	1,350	I	By Frank B. Holding Revocable Trust Dated October 24, 2004

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

2. The reporting person is a director, officer and/or principal shareholder of the companies that own these shares, but he disclaims beneficial ownership of the listed shares except to the extent of his pecuniary interest therein.

	Frank B. Holding, By: William R. Lathan, Jr., Attorney-in-Fact	05/24/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.