X0306 4 2015-01-21 0 0001057706 FIRST BANCORP /PR/ FBP 0001464458 Berges Gonzalez Orlando P.O. BOX 9146 SAN JUAN PR 00908-0146 PUERTO RICO 0 1 0 0 EVP and CFO First BanCorp Common Stock 2014-03-21 4 F 0 6629 5.73 D 247867 D First BanCorp Common Stock 2015-01-21 4 A 0 1411 5.45 A 249278 D First BanCorp Common Stock 2015-01-21 4 F 0 527 5.45 D 248751 D "Shares withheld to cover taxes related to restricted stock that vested pursuant to the terms of the restricted stock award on March 21, 2014 but remained subject to TARP restrictions on transfer until the Treasury confirmed on December 30, 2014 that those restrictions were released as of March 21, 2014." Salary stock issued bi-weekly as a portion of the reporting person's salary compensation under the First BanCorp 2008 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 $5.45 (the closing price of the Issuer's common stock as quoted on the NYSE on January 21, 2015, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes. /s/Orlando Berges 2015-01-23