UMPIERRE CATINCHI SHAREE ANN 4
4 · FIRST BANCORP /PR/ · Filed Sep 7, 2010
Insider Transaction Report
Form 4
UMPIERRE CATINCHI SHAREE ANN
Director
Transactions
- Disposition to Issuer
First BanCorp Series E Preferred Stock
2010-08-30−92,000→ 0 total - Award
First BanCorp Common Stock
2010-08-30+1,072,030→ 1,144,707 total
Holdings
- 9,000(indirect: By Spouse)
First BanCorp Common Stock
Footnotes (3)
- [F1]1,072,030 shares of Common Stock were issued to the Reporting Person in exchange for 92,000 shares of Series E 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 Mr. Jose Rolando Colon Perez, who is the spouse of Ms. Umpierre Catinchi.