Odell Lawrence 4

4 · FIRST BANCORP /PR/ · Filed Mar 25, 2019

Form 4

Period: 2019-03-21

EVP and General Counsel

Transactions

Award
Performance Share Unit
2019-03-21+11,472→ 28,644 total
Exp: 2022-03-21→ Common Stock (11,472 underlying)
Tax Payment
First BanCorp Common Stock
2019-03-21$11.16/sh−8,416$93,923→ 181,877 total
Award
First BanCorp Common Stock
2019-03-21+7,649→ 189,526 total

Holdings

Footnotes (4)

[F1]Shares withheld to cover taxes related to a restricted stock that vested on March 21, 2019 pursuant to the terms of the restricted stock award made on March 21, 2017.
[F2]Shares of restricted stock issued pursuant to the First BanCorp Omnibus Incentive Plan, as amended. The shares shall fully vest solely on the basis of the passage of time over a three year period, with 50% vesting on year two or March 21, 2021 and the remaining 50% vesting on year three or March 21, 2022.
[F3]1,333 shares were acquired for the benefit of the reporting person's children.
[F4]Performance Share Units granted as a performance award, vesting based upon degree of achievement of performance goal. Each performance right represents a contingent right to receive one share of FBP common stock. At the end of the performance period, 100% of the award is paid in common stock free of restrictions. If the final amount is less than 100% of the share units, the balance is forfeited to the Corporation.

Documents

1 file