4//SEC Filing
BURNS JOHN F 4
Accession 0001127602-10-009412
CIK 0000811589other
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 2:35 PM ET
Size
8.0 KB
Accession
0001127602-10-009412
Insider Transaction Report
Form 4
BURNS JOHN F
DirectorEXECUTIVE VICE PRESIDENT
Transactions
- Award
Performance Units
2010-03-22+1,252→ 1,252 totalExp: 2011-12-31→ Common Stock (1,252 underlying) - Award
Stock Options (Right to Buy)
2010-03-22$16.53/sh+4,043$66,831→ 4,043 totalExercise: $16.53From: 2011-12-31Exp: 2018-06-17→ Common Stock (4,043 underlying)
Footnotes (2)
- [F1]On June 18, 2008 the reporting person was granted an option to purchase 12,130 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 4,043 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.
- [F2]Each performance unit represents a contingent right to receive one share of First Bancorp common stock. The performance rights vest if the recipient remains employed with the Company and otherwise eligible to receive the shares on December 31, 2011.
Documents
Issuer
FIRST BANCORP /NC/
CIK 0000811589
Entity typeother
Related Parties
1- filerCIK 0000015590
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 2:35 PM ET
- Size
- 8.0 KB