PASARELL DACIO A 4
4 · FIRST BANCORP /PR/ · Filed Mar 23, 2012
Insider Transaction Report
Form 4
PASARELL DACIO A
EVP, Chief Banking Operations
Transactions
- Award
First BanCorp Common Stock, par value $0.10 per share
2012-03-21$4.00/sh+30,000$120,000→ 37,127 total
Footnotes (1)
- [F1]Issued pursuant to the First BanCorp 2008 Omnibus Incentive Plan, as amended. The shares will vest as follows: fifty percent (50%) of the shares will vest on the second anniversary date of the grant and the remaining fifty percent (50%) will vest on the third anniversary date of the grant. Notwithstanding vesting, the reporting person will be restricted from transferring the shares pursuant to additional TARP related restrictions.