X0306 4 2016-10-26 0 0001057706 FIRST BANCORP /PR/ FBP 0001354500 Odell Lawrence P.O. BOX 9146 SAN JUAN PR 00908-0146 PUERTO RICO 0 1 0 0 EVP and General Counsel First BanCorp Common Stock 2016-10-26 4 A 0 857 5.38 A 386059 D First BanCorp Common Stock 2016-10-26 4 F 0 261 5.38 D 385798 D First BanCorp Common Stock 1333 I Reporting Person's Children Salary stock issued bi-weekly as a portion of the reporting person's salary compensation under the First BanCorp Omnibus Incentive Plan, as amended. Salary stock is fully vested on the date of grant. The number of shares represented by this award was determined by dividing the dollar value of the award granted to the reporting person by $5.38 (the closing price of the Issuer's common stock as quoted on the NYSE on October 26, 2016, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes. 1,333 shares were acquired for the benefit of the reporting person's children. /s/Lawrence Odell 2016-10-28