4//SEC Filing
FIRST BANCORP /PR/ 4
Accession 0001209191-17-035965
$FBPCIK 0001057706operating
Filed
May 25, 8:00 PM ET
Accepted
May 26, 5:33 PM ET
Size
11.2 KB
Accession
0001209191-17-035965
Insider Transaction Report
Form 4
Romero Pedro
SVP/Chief Accounting Officer
Transactions
- Tax Payment
First BanCorp Common Stock
2017-05-10$5.75/sh−1,596$9,177→ 64,354 total - Disposition to Issuer
First BanCorp Common Stock
2017-05-10−64,992→ 66,759 total - Tax Payment
First BanCorp Common Stock
2017-05-10$5.75/sh−809$4,652→ 65,950 total - Tax Payment
First BanCorp Common Stock
2017-05-10$5.75/sh−1,908$10,971→ 62,446 total
Footnotes (4)
- [F1]Reflects the forfeiture of restricted stock resulting from the sale by the United States Department of the Treasury ("U.S. Treasury") of its remaining shares of the Issuer's Common Stock at a price that, together with its proceeds from prior sales of the Issuer's Common Stock, resulted in its failure to recoup its entire original investment in the Issuer through the U.S. Treasury Troubled Asset Relief Program Capital Purchase Program ("TARP").
- [F2]Shares withheld to cover taxes related to restricted stock that vested pursuant to the terms of the restricted stock award dated March 21, 2012 but remained subject to TARP restrictions on transfer until the U.S. Treasury confirmed on May 10, 2017 that it had agreed to sell all of its remaining 10,291,553 shares of the Issuer's common stock, which caused the restrictions on an additional 25% of the shares awarded to be released as of such date.
- [F3]Shares withheld to cover taxes related to restricted stock that vested pursuant to the terms of the restricted stock award dated April 3, 2013 but remained subject to TARP restrictions on transfer until the U.S. Treasury confirmed on May 10, 2017 that it had agreed to sell all of its remaining 10,291,553 shares of the Issuer's common stock, which caused the restrictions on an additional 25% of the shares awarded to be released as of such date.
- [F4]Shares withheld to cover taxes related to restricted stock that vested pursuant to the terms of the restricted stock award dated March 20, 2015 but remained subject to TARP restrictions on transfer until the U.S. Treasury confirmed on May 10, 2017 that it had agreed to sell all of its remaining 10,291,553 shares of the Issuer's common stock, which caused the restrictions on an additional 25% of the shares awarded to be released as of such date.
Documents
Issuer
FIRST BANCORP /PR/
CIK 0001057706
Entity typeoperating
IncorporatedPR
Related Parties
1- filerCIK 0001057706
Filing Metadata
- Form type
- 4
- Filed
- May 25, 8:00 PM ET
- Accepted
- May 26, 5:33 PM ET
- Size
- 11.2 KB