X0306 4 2016-03-16 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 2016-03-16 4 A 0 4318 2.85 A 380882 D First BanCorp Common Stock 2016-03-16 4 F 0 1356 2.85 D 379526 D First BanCorp Common Stock 2016-03-16 4 A 0 161403 2.85 A 540929 D (i) 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 $2.85 (the closing price of the Issuer's common stock as quoted on the NYSE on March 16, 2016, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes. Issued pursuant to the First BanCorp 2008 Omnibus Incentive Plan, as amended. The shares shall fully vest solely on the basis of the passage of time over a two-year period on March 16, 2018. Notwithstanding vesting, the reporting person will be restricted from transferring the shares pursuant to additional TARP related restrictions. /s/Orlando Berges 2016-03-18