4 1 wallace112902.txt FORM 4 WALLACE 1. Name and Address of Reporting Person WALLACE, GOLDIE H. 402 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 11/26/2002 S -538 D $25.2210 D Common Stock 11/26/2002 S -300 D $25.2200 D Common Stock 11/26/2002 S -100 D $25.2000 166076 D Common Stock 11/08/2002 P 200 A $24.9000 I SPOUSE Common Stock 11/27/2002 P 100 A $24.5000 300 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 $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: A total of 300 shares of First Bancorp stock that were acquired through indirect ownership on November 8th and 27th of 2002 violated short swing profit rules per Section 16(b) of the Securities Exchange Act of 1934. Mrs. Wallace has agreed to repay First Bancorp the total profit of $175.00 related to the transactions.
SIGNATURE OF REPORTING PERSON /s/ GOLDIE H. WALLACE DATE 11/29/2002