IRIZARRY DIAZ JORGE L 4
4 · FIRST BANCORP /PR/ · Filed Sep 7, 2010
Insider Transaction Report
Form 4
IRIZARRY DIAZ JORGE L
Director
Transactions
- Award
First BanCorp Common Stock
2010-08-30+25,052→ 65,329 total - Disposition to Issuer
First BanCorp Series B Preferred Stock
2010-08-30−2,150→ 0 total
Holdings
- 22,460(indirect: By Spouse)
First BanCorp Common Stock
Footnotes (3)
- [F1]25,052 shares of Common Stock were issued to the Reporting Person in exchange for 2,150 shares of Series B Preferred Stock pursuant to the Issuer's Exchange Offer. The transactions reported on this Form 4 were approved by the Issuer's Board of Directors as a part of its approval of the offer made to issue shares of Common Stock in exchange for the outstanding shares of Series A through E Preferred Stock in its recently completed Exchange Offer.
- [F2]Includes shares of restricted stock grants: 1,342 vested on December 1, 2009, 1,342 vests on December 1, 2010, and 1,343 on December 1, 2011.
- [F3]These shares are beneficially owned by Mrs. Eugenia Mayoral, who is the spouse of Mr. Jorge Diaz.