4 1 willis110502.txt WILLIS FORM 4 1. Name and Address of Reporting Person WILLIS, JOHN C. 626 EAST MAIN STREET TROY, NC 27371 2. Issuer Name and Ticker or Trading Symbol FIRST BANCORP (FBNC) 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year 11/2002 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
+---------------------------------+----------+-------------+-----------------------------+----------------+-----------+------------+ |1. Title of Security |2. Trans- |3. Trans- |4. Securities Acquired (A) |5. Amount of |6. Owner- |7. Nature | | | action | action | or Disposed of (D) | Securities | ship | of In- | | | Date | Code | | Beneficially | Form: | direct | | | | | | Owned at | Direct | Bene- | | | (Month/ | | | End of | (D) or | ficial | | | Day/ +-------+-----+-----------+------+----------+ Month | Indirect| Owner- | | | Year) |Code |V |Amount |A/D |Price | | (I) | ship | +---------------------------------+----------+-------+-----+-----------+------+----------+----------------+-----------+------------+ Common Stock 125355 D Common Stock 11/05/2002 G -5000 D $0.0000 193178 I SPOUSE
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+-------------+--------+----------+---------+-----------+---------------------+----------------+----------+--------+-------+-------+ |1. |2. |3. |4. |5. |6. |7. |8. |9. |10. |11. | | | | | | | | | |Number |Owner- | | | | | | | | | | |of |ship | | | | | | | | | | |Deriv- |Form of| | | | | | | | |Title and Amount| |ative |Deriv- | | | | | | | | |of Underlying | |Secur- |ative |Nature | | |Conver- | | |Number of | |Securities | |ities |Secur- |of | | |sion or | | |Derivative |Date Exercisable +-------+--------+ |Benefi- |ity: |In- | | |Exercise| | |Securities |and Expiration Date | |Amount | |cially |Direct |direct | | |Price of|Transac- |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- | |Title of |Deriv- |tion Date |tion Code|Disposed(D)+----------+----------+ |Number |Price of |at End |In- |ficial | |Derivative |ative |(Month/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative|of |direct |Owner- | |Security |Security|Day/Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security |Month |(I) |ship | +-------------+--------+----------+------+--+-----+-----+----------+----------+-------+--------+----------+--------+-------+-------+ Stock Options $6.667 06/01/2004 Common 1500 D (Right to buy) Stock Stock Options $7.25 06/01/2005 Common 1500 D (Right to buy) Stock Stock Options $9.833 06/01/2006 Common 1500 D (Right to buy) Stock Stock Options $15.333 06/01/2007 Common 1500 D (Right to buy) Stock Stock Options $15.75 06/01/2010 Common 1500 D (Right to buy) Stock Stock Options $16.667 06/01/2009 Common 1500 D (Right to buy) Stock Stock Options $22 06/01/2008 Common 1500 D (Right to buy) Stock Stock Options $23.05 06/01/2012 Common 1500 D (Right to buy) Stock Stock Options $24 06/01/2011 Common 1500 D (Right to buy) Stock Explanation of Responses:
SIGNATURE OF REPORTING PERSON /s/ JOHN C. WILLIS DATE 11/05/2002