FBP

SEC source: 0001209191-17-050866 · doc4.xml · nonDerivative · entry 1

Odell Lawrence · CIK 0001354500 · EVP and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 213,423

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050865 · doc4.xml · nonDerivative · entry 2

McDonald Michael · CIK 0001559379 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 151,049

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050865 · doc4.xml · nonDerivative · entry 1

McDonald Michael · CIK 0001559379 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 151,301

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050864 · doc4.xml · nonDerivative · entry 2

MARTINO EMILIO · CIK 0001223106 · EVP and CLO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 196,322

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F2 · balance_after: Includes 4,126 shares purchased through the Employee Purchase Plan.

SEC source: 0001209191-17-050864 · doc4.xml · nonDerivative · entry 1

MARTINO EMILIO · CIK 0001223106 · EVP and CLO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 196,607

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050863 · doc4.xml · nonDerivative · entry 2

Lopez-Lay Ginoris · CIK 0001372784 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 135,094

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050863 · doc4.xml · nonDerivative · entry 1

Lopez-Lay Ginoris · CIK 0001372784 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 135,641

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050862 · doc4.xml · nonDerivative · entry 2

Kafka Donald · CIK 0001631334 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 154,687

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050862 · doc4.xml · nonDerivative · entry 1

Kafka Donald · CIK 0001631334 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 155,237

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050861 · doc4.xml · nonDerivative · entry 2

Garcia Calixto · CIK 0001469396 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 262,881

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050861 · doc4.xml · nonDerivative · entry 1

Garcia Calixto · CIK 0001469396 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 263,520

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050860 · doc4.xml · nonDerivative · entry 2

Berges Gonzalez Orlando · CIK 0001464458 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 353,000

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050860 · doc4.xml · nonDerivative · entry 1

Berges Gonzalez Orlando · CIK 0001464458 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 353,735

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050859 · doc4.xml · nonDerivative · entry 2

ALEMAN AURELIO · CIK 0001180593 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,006,585

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050859 · doc4.xml · nonDerivative · entry 1

ALEMAN AURELIO · CIK 0001180593 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,009,541

F1 · shares: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.69 (the closing price of the Issuer's common stock as quoted on the NYSE on August 30, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-050676 · doc4.xml · nonDerivative · entry 1

ACOSTA REBOYRAS JUAN · CIK 0001183934 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,077

F1 · kind: Shares withheld to cover taxes related to a restricted stock that vested on August 28, 2017 pursuant to the terms on the restricted stock award made on August 28, 2014, the shares shall vest solely on the basis of the passage of time, ratably over a five-year period through August 28, 2019.

SEC source: 0001209191-17-049631 · doc4.xml · nonDerivative · entry 2

Garcia Calixto · CIK 0001469396 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 261,662

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049631 · doc4.xml · nonDerivative · entry 1

Garcia Calixto · CIK 0001469396 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 262,308

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049630 · doc4.xml · nonDerivative · entry 2

Kafka Donald · CIK 0001631334 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 153,548

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049630 · doc4.xml · nonDerivative · entry 1

Kafka Donald · CIK 0001631334 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 154,104

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049629 · doc4.xml · nonDerivative · entry 2

McDonald Michael · CIK 0001559379 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,490

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049629 · doc4.xml · nonDerivative · entry 1

McDonald Michael · CIK 0001559379 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,745

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049625 · doc4.xml · nonDerivative · entry 2

Power Carlos · CIK 0001578141 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 200,909

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049625 · doc4.xml · nonDerivative · entry 1

Power Carlos · CIK 0001578141 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 201,337

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049624 · doc4.xml · nonDerivative · entry 2

Lopez-Lay Ginoris · CIK 0001372784 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 133,952

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049624 · doc4.xml · nonDerivative · entry 1

Lopez-Lay Ginoris · CIK 0001372784 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 134,504

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049621 · doc4.xml · nonDerivative · entry 2

MARTINO EMILIO · CIK 0001223106 · EVP and CLO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 195,576

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F2 · balance_after: Includes 4,108 shares purchased through the Employee Purchase Plan.

SEC source: 0001209191-17-049621 · doc4.xml · nonDerivative · entry 1

MARTINO EMILIO · CIK 0001223106 · EVP and CLO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 195,864

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049616 · doc4.xml · nonDerivative · entry 2

PANCHAM CASSAN · CIK 0001252709 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 275,532

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F2 · balance_after: Includes 17,643 shares purchased through the Employee Purchase Plan.

SEC source: 0001209191-17-049616 · doc4.xml · nonDerivative · entry 1

PANCHAM CASSAN · CIK 0001252709 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 276,004

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049617 · doc4.xml · nonDerivative · entry 2

RIVERA NAYDA · CIK 0001224437 · EVP and CRO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 267,282

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F2 · balance_after: Includes 1,656 shares purchased through the Employee Purchase Plan.

SEC source: 0001209191-17-049617 · doc4.xml · nonDerivative · entry 1

RIVERA NAYDA · CIK 0001224437 · EVP and CRO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 267,799

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049610 · doc4.xml · nonDerivative · entry 2

Odell Lawrence · CIK 0001354500 · EVP and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 212,612

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F2 · balance_after: 1,333 shares were acquired for the benefit of the reporting person's children.

SEC source: 0001209191-17-049610 · doc4.xml · nonDerivative · entry 1

Odell Lawrence · CIK 0001354500 · EVP and General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 212,861

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049605 · doc4.xml · nonDerivative · entry 2

Berges Gonzalez Orlando · CIK 0001464458 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 351,437

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049605 · doc4.xml · nonDerivative · entry 1

Berges Gonzalez Orlando · CIK 0001464458 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 352,180

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049601 · doc4.xml · nonDerivative · entry 2

ALEMAN AURELIO · CIK 0001180593 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,002,152

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-049601 · doc4.xml · nonDerivative · entry 1

ALEMAN AURELIO · CIK 0001180593 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,005,140

F1 · shares: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.63 (the closing price of the Issuer's common stock as quoted on the NYSE on August 16, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0000899243-17-019951 · doc4.xml · nonDerivative · entry 1

Oaktree Principal Fund V (Delaware), L.P. · CIK 0001532824 · Former director and 10% owner

Oaktree Fund AIF Series, L.P. · CIK 0001532822 · Former director and 10% owner

Oaktree Fund GP AIF, LLC · CIK 0001532818 · Former director and 10% owner

Oaktree Fund GP III, L.P. · CIK 0001532823 · Former director and 10% owner

Oaktree AIF Investments, L.P. · CIK 0001532820 · Former director and 10% owner

Oaktree AIF Holdings, Inc. · CIK 0001532819 · Former director and 10% owner

OAKTREE CAPITAL MANAGEMENT LP · CIK 0000949509 · Former director and 10% owner

Oaktree Holdings, Inc. · CIK 0001403382 · Former director and 10% owner

Oaktree FF Investment Fund AIF (Delaware), L.P. · CIK 0001532821 · Former director and 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 10,051,733

F1 · kind: On August 7, 2017, Oaktree Principal Fund V (Delaware), L.P. (the "PF V Fund") sold 8,273,000 shares of Common Stock of the Issuer and Oaktree FF Investment Fund AIF (Delaware), L.P. (the "AIF Fund") sold 1,727,000 shares of Common Stock of the Issuer pursuant to the Underwriting Agreement, dated as of August 2, 2017, among Goldman Sachs & Co. LLC, the Issuer and the selling stockholders named therein, including the PF V Fund and the AIF Fund (the "Sale").

F2 · ownership.direct: After giving effect to the Sale, the PF V Fund holds 8,267,689 shares of Common Stock of the Issuer and the AIF Fund holds 1,725,892 shares of Common Stock of the Issuer. OCM FIE, LLC ("FIE") also holds 58,152 shares of Common Stock and restricted stock.

F3 · ownership.direct: This Form 4 is being filed by (i) the PF V Fund, (ii) the AIF Fund, (iii) Oaktree Capital Group Holdings GP, LLC ("OCGH GP"), in its capacities as manager of Oaktree Capital Group, LLC ("OCG") and general partner of Oaktree Capital Group Holdings, L.P. ("OCGH LP"), (iv) OCG, in its capacities as managing member of Oaktree Holdings, LLC ("Oaktree Holdings") and sole stockholder of Oaktree Holdings, Inc. ("Holdings"), (v) Oaktree Holdings, in its capacity as managing member of OCM Holdings I, LLC ("Oaktree Holdings I"), (vi) Oaktree Holdings I, in its capacity as general partner of Oaktree Capital I, L.P. ("Oaktree Capital I"), (vii) Oaktree Capital I, in its capacity as general partner of Oaktree Fund GP I, L.P. ("Oaktree Fund GP I"), (viii) Oaktree Fund GP I, in its capacity as managing member of Oaktree Fund GP, LLC ("Oaktree Fund GP"), (ix) Oaktree Fund GP, in its capacity as general partner of the PF V Fund,

F4 · ownership.direct: (Continued from Footnote 3) (x) OCGH LP in its capacity as controlling shareholder of Oaktree AIF Holdings, Inc. ("Oaktree AIF Holdings"), (xi) Oaktree AIF Holdings, in its capacity as general partner of Oaktree AIF Investments, L.P. ("Oaktree AIF Investments"), (xii) Oaktree AIF Investments, in its capacity as general partner of Oaktree Fund GP III, L.P. ("Oaktree GP III"), (xiii) Oaktree GP III, in its capacity as the managing member of Oaktree Fund GP AIF, LLC ("Oaktree GP AIF"), (xiv) Oaktree GP AIF, in its capacity as general partner of Oaktree Fund AIF Series, L.P. - Series I ("Oaktree AIF" and, collectively with the PF Fund, the AIF Fund, OCGH GP, OCGH LP, OCG, Oaktree Holdings, Oaktree Holdings I, Oaktree Capital I, Oaktree Fund GP I, Oaktree Fund GP, Oaktree AIF Holdings, Oaktree AIF Investments, Oaktree GP III, Oaktree GP AIF, Oaktree AIF, FIE and Holdings, the "Reporting Persons" and each, a "Reporting Person"),

F5 · ownership.direct: (Continued from Footnote 4) (xv) Oaktree AIF, in its capacity as general partner of the AIF Fund, (xvi) FIE, (xvii) Oaktree Capital Management, L.P. ("OCM"), in its capacity as the managing member of FIE, and (xviii) Holdings, in its capacity as the general partner of OCM.

F6 · ownership.direct: OCGH GP may be deemed to have a beneficial ownership interest in the 10,051,733 shares of Common Stock that are held and collectively owned by the PF V Fund, the AIF Fund and FIE. Each of OCG, Oaktree Holdings, Oaktree Holdings I, Oaktree Capital I, Oaktree Fund GP I and Oaktree Fund GP may be deemed to have a beneficial ownership interest in the 8,325,841 shares of Common Stock that are held and collectively owned by the PF V Fund and FIE. Each of OCG, Holdings and OCM may be deemed to have a beneficial ownership interest in the 58,152 shares of Common Stock that are held by FIE. Each of OCGH LP, Oaktree AIF Holdings, Oaktree AIF Investments, Oaktree GP III, Oaktree GP AIF and Oaktree AIF may be deemed to have a beneficial ownership interest in the 1,725,892 shares of Common Stock that are held by the AIF Fund.

F7 · ownership.direct: (Continued from Footnote 6) Information with respect to each Reporting Person is given solely by such Reporting Person, and no such Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Each Reporting Person disclaims beneficial ownership of all shares reported herein except to the extent of their respective pecuniary interest therein and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any shares covered by this Form 4.

F8 · ownership.direct: OCGH GP is a limited liability company managed by an executive committee, the members of which are Howard S. Marks, Bruce A. Karsh, Jay S. Wintrob, John B. Frank and Sheldon M. Stone (the "OCGH GP Members"). In such capacity, the OCGH GP Members may be deemed indirect beneficial owners of the securities reported herein. Except to the extent of their respective pecuniary interest, each OCGH GP Member disclaims beneficial ownership of the securities reported herein and the filing of this Form 4 shall not be construed as an admission that any such person is the beneficial owner of any securities covered by this Form 4.

F2 · ownership.nature: After giving effect to the Sale, the PF V Fund holds 8,267,689 shares of Common Stock of the Issuer and the AIF Fund holds 1,725,892 shares of Common Stock of the Issuer. OCM FIE, LLC ("FIE") also holds 58,152 shares of Common Stock and restricted stock.

F3 · ownership.nature: This Form 4 is being filed by (i) the PF V Fund, (ii) the AIF Fund, (iii) Oaktree Capital Group Holdings GP, LLC ("OCGH GP"), in its capacities as manager of Oaktree Capital Group, LLC ("OCG") and general partner of Oaktree Capital Group Holdings, L.P. ("OCGH LP"), (iv) OCG, in its capacities as managing member of Oaktree Holdings, LLC ("Oaktree Holdings") and sole stockholder of Oaktree Holdings, Inc. ("Holdings"), (v) Oaktree Holdings, in its capacity as managing member of OCM Holdings I, LLC ("Oaktree Holdings I"), (vi) Oaktree Holdings I, in its capacity as general partner of Oaktree Capital I, L.P. ("Oaktree Capital I"), (vii) Oaktree Capital I, in its capacity as general partner of Oaktree Fund GP I, L.P. ("Oaktree Fund GP I"), (viii) Oaktree Fund GP I, in its capacity as managing member of Oaktree Fund GP, LLC ("Oaktree Fund GP"), (ix) Oaktree Fund GP, in its capacity as general partner of the PF V Fund,

F4 · ownership.nature: (Continued from Footnote 3) (x) OCGH LP in its capacity as controlling shareholder of Oaktree AIF Holdings, Inc. ("Oaktree AIF Holdings"), (xi) Oaktree AIF Holdings, in its capacity as general partner of Oaktree AIF Investments, L.P. ("Oaktree AIF Investments"), (xii) Oaktree AIF Investments, in its capacity as general partner of Oaktree Fund GP III, L.P. ("Oaktree GP III"), (xiii) Oaktree GP III, in its capacity as the managing member of Oaktree Fund GP AIF, LLC ("Oaktree GP AIF"), (xiv) Oaktree GP AIF, in its capacity as general partner of Oaktree Fund AIF Series, L.P. - Series I ("Oaktree AIF" and, collectively with the PF Fund, the AIF Fund, OCGH GP, OCGH LP, OCG, Oaktree Holdings, Oaktree Holdings I, Oaktree Capital I, Oaktree Fund GP I, Oaktree Fund GP, Oaktree AIF Holdings, Oaktree AIF Investments, Oaktree GP III, Oaktree GP AIF, Oaktree AIF, FIE and Holdings, the "Reporting Persons" and each, a "Reporting Person"),

F5 · ownership.nature: (Continued from Footnote 4) (xv) Oaktree AIF, in its capacity as general partner of the AIF Fund, (xvi) FIE, (xvii) Oaktree Capital Management, L.P. ("OCM"), in its capacity as the managing member of FIE, and (xviii) Holdings, in its capacity as the general partner of OCM.

F6 · ownership.nature: OCGH GP may be deemed to have a beneficial ownership interest in the 10,051,733 shares of Common Stock that are held and collectively owned by the PF V Fund, the AIF Fund and FIE. Each of OCG, Oaktree Holdings, Oaktree Holdings I, Oaktree Capital I, Oaktree Fund GP I and Oaktree Fund GP may be deemed to have a beneficial ownership interest in the 8,325,841 shares of Common Stock that are held and collectively owned by the PF V Fund and FIE. Each of OCG, Holdings and OCM may be deemed to have a beneficial ownership interest in the 58,152 shares of Common Stock that are held by FIE. Each of OCGH LP, Oaktree AIF Holdings, Oaktree AIF Investments, Oaktree GP III, Oaktree GP AIF and Oaktree AIF may be deemed to have a beneficial ownership interest in the 1,725,892 shares of Common Stock that are held by the AIF Fund.

F7 · ownership.nature: (Continued from Footnote 6) Information with respect to each Reporting Person is given solely by such Reporting Person, and no such Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Each Reporting Person disclaims beneficial ownership of all shares reported herein except to the extent of their respective pecuniary interest therein and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any shares covered by this Form 4.

F8 · ownership.nature: OCGH GP is a limited liability company managed by an executive committee, the members of which are Howard S. Marks, Bruce A. Karsh, Jay S. Wintrob, John B. Frank and Sheldon M. Stone (the "OCGH GP Members"). In such capacity, the OCGH GP Members may be deemed indirect beneficial owners of the securities reported herein. Except to the extent of their respective pecuniary interest, each OCGH GP Member disclaims beneficial ownership of the securities reported herein and the filing of this Form 4 shall not be construed as an admission that any such person is the beneficial owner of any securities covered by this Form 4.

SEC source: 0001140361-17-030839 · form4.xml · nonDerivative · entry 1

Bresler Joshua D · CIK 0001576791 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 10,028,702

F2 · kind: Represents shares of the Issuer sold by the following entities: 126,305 shares sold by FBC Fund; 5,499,346 shares sold by Fund VI; 3,723,865 shares sold by Parallel Fund VI; and 650,484 shares sold by DT Fund VI.

F4 · price: This amount represents the $5.655 price per share (after the deduction of the underwriters' discount) of the Issuer's common stock purchased by the underwriters.

F1 · ownership.nature: Shares represent aggregate holdings of THL FBC Equity Investors, L.P. ("FBC Fund"), Thomas H. Lee (Alternative) Fund VI, L.P. ("Fund VI"), Thomas H. Lee (Alternative) Parallel Fund VI, L.P. ("Parallel Fund VI"), Thomas H. Lee (Alternative) Parallel (DT) Fund VI ("DT Fund VI"; together with FBC Fund, Fund VI and Parallel Fund VI, the "Funds") and THL Managers VI, LLC ("Managers VI").

F3 · ownership.nature: The Reporting Person holds an interest in Thomas H. Lee Advisors (Alternative) VI, Ltd., which is the general partner of THL Advisors (Alternative) VI, L.P., which is the general partner of the Funds. The Reporting Person is also a Managing Director of Thomas H. Lee Partners, L.P., which is the managing member of Managers VI. Therefore, the Reporting Person may be deemed to beneficially own the shares of the Issuer owned directly by the Funds and Managers VI. The Reporting Person disclaims beneficial ownership of all shares of the Issuer except to the extent of his pecuniary interest.

SEC source: 0000899243-17-019950 · doc4.xml · nonDerivative · entry 1

Oaktree Capital Group Holdings GP, LLC · CIK 0001403525 · Former director and 10% owner

Oaktree Fund GP, LLC · CIK 0001499005 · Former director and 10% owner

OAKTREE FUND GP I, L.P. · CIK 0001402746 · Former director and 10% owner

Oaktree Capital I, L.P. · CIK 0001403530 · Former director and 10% owner

OCM HOLDINGS I, LLC · CIK 0001407178 · Former director and 10% owner

OAKTREE HOLDINGS, LLC · CIK 0001407181 · Former director and 10% owner

Oaktree Capital Group, LLC · CIK 0001403528 · Former director and 10% owner

Oaktree Capital Group Holdings, L.P. · CIK 0001403527 · Former director and 10% owner

OCM FIE, LLC · CIK 0001498954 · Former director and 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 10,051,733

F1 · kind: On August 7, 2017, Oaktree Principal Fund V (Delaware), L.P. (the "PF V Fund") sold 8,273,000 shares of Common Stock of the Issuer and Oaktree FF Investment Fund AIF (Delaware), L.P. (the "AIF Fund") sold 1,727,000 shares of Common Stock of the Issuer pursuant to the Underwriting Agreement, dated as of August 2, 2017, among Goldman Sachs & Co. LLC, the Issuer and the selling stockholders named therein, including the PF V Fund and the AIF Fund (the "Sale").

F2 · ownership.direct: After giving effect to the Sale, the PF V Fund holds 8,267,689 shares of Common Stock of the Issuer and the AIF Fund holds 1,725,892 shares of Common Stock of the Issuer. OCM FIE, LLC ("FIE") also holds 58,152 shares of Common Stock and restricted stock.

F3 · ownership.direct: This Form 4 is being filed by (i) the PF V Fund, (ii) the AIF Fund, (iii) Oaktree Capital Group Holdings GP, LLC ("OCGH GP"), in its capacities as manager of Oaktree Capital Group, LLC ("OCG") and general partner of Oaktree Capital Group Holdings, L.P. ("OCGH LP"), (iv) OCG, in its capacities as managing member of Oaktree Holdings, LLC ("Oaktree Holdings") and sole stockholder of Oaktree Holdings, Inc. ("Holdings"), (v) Oaktree Holdings, in its capacity as managing member of OCM Holdings I, LLC ("Oaktree Holdings I"), (vi) Oaktree Holdings I, in its capacity as general partner of Oaktree Capital I, L.P. ("Oaktree Capital I"), (vii) Oaktree Capital I, in its capacity as general partner of Oaktree Fund GP I, L.P. ("Oaktree Fund GP I"), (viii) Oaktree Fund GP I, in its capacity as managing member of Oaktree Fund GP, LLC ("Oaktree Fund GP"), (ix) Oaktree Fund GP, in its capacity as general partner of the PF V Fund,

F4 · ownership.direct: (Continued from Footnote 3) (x) OCGH LP in its capacity as controlling shareholder of Oaktree AIF Holdings, Inc. ("Oaktree AIF Holdings"), (xi) Oaktree AIF Holdings, in its capacity as general partner of Oaktree AIF Investments, L.P. ("Oaktree AIF Investments"), (xii) Oaktree AIF Investments, in its capacity as general partner of Oaktree Fund GP III, L.P. ("Oaktree GP III"), (xiii) Oaktree GP III, in its capacity as the managing member of Oaktree Fund GP AIF, LLC ("Oaktree GP AIF"), (xiv) Oaktree GP AIF, in its capacity as general partner of Oaktree Fund AIF Series, L.P. - Series I ("Oaktree AIF" and, collectively with the PF Fund, the AIF Fund, OCGH GP, OCGH LP, OCG, Oaktree Holdings, Oaktree Holdings I, Oaktree Capital I, Oaktree Fund GP I, Oaktree Fund GP, Oaktree AIF Holdings, Oaktree AIF Investments, Oaktree GP III, Oaktree GP AIF, Oaktree AIF, FIE and Holdings, the "Reporting Persons" and each, a "Reporting Person"),

F5 · ownership.direct: (Continued from Footnote 4) (xv) Oaktree AIF, in its capacity as general partner of the AIF Fund, (xvi) FIE, (xvii) Oaktree Capital Management, L.P. ("OCM"), in its capacity as the managing member of FIE, and (xviii) Holdings, in its capacity as the general partner of OCM.

F6 · ownership.direct: OCGH GP may be deemed to have a beneficial ownership interest in the 10,051,733 shares of Common Stock that are held and collectively owned by the PF V Fund, the AIF Fund and FIE. Each of OCG, Oaktree Holdings, Oaktree Holdings I, Oaktree Capital I, Oaktree Fund GP I and Oaktree Fund GP may be deemed to have a beneficial ownership interest in the 8,325,841 shares of Common Stock that are held and collectively owned by the PF V Fund and FIE. Each of OCG, Holdings and OCM may be deemed to have a beneficial ownership interest in the 58,152 shares of Common Stock that are held by FIE. Each of OCGH LP, Oaktree AIF Holdings, Oaktree AIF Investments, Oaktree GP III, Oaktree GP AIF and Oaktree AIF may be deemed to have a beneficial ownership interest in the 1,725,892 shares of Common Stock that are held by the AIF Fund.

F7 · ownership.direct: (Continued from Footnote 6) Information with respect to each Reporting Person is given solely by such Reporting Person, and no such Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Each Reporting Person disclaims beneficial ownership of all shares reported herein except to the extent of their respective pecuniary interest therein and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any shares covered by this Form 4.

F8 · ownership.direct: OCGH GP is a limited liability company managed by an executive committee, the members of which are Howard S. Marks, Bruce A. Karsh, Jay S. Wintrob, John B. Frank and Sheldon M. Stone (the "OCGH GP Members"). In such capacity, the OCGH GP Members may be deemed indirect beneficial owners of the securities reported herein. Except to the extent of their respective pecuniary interest, each OCGH GP Member disclaims beneficial ownership of the securities reported herein and the filing of this Form 4 shall not be construed as an admission that any such person is the beneficial owner of any securities covered by this Form 4.

F2 · ownership.nature: After giving effect to the Sale, the PF V Fund holds 8,267,689 shares of Common Stock of the Issuer and the AIF Fund holds 1,725,892 shares of Common Stock of the Issuer. OCM FIE, LLC ("FIE") also holds 58,152 shares of Common Stock and restricted stock.

F3 · ownership.nature: This Form 4 is being filed by (i) the PF V Fund, (ii) the AIF Fund, (iii) Oaktree Capital Group Holdings GP, LLC ("OCGH GP"), in its capacities as manager of Oaktree Capital Group, LLC ("OCG") and general partner of Oaktree Capital Group Holdings, L.P. ("OCGH LP"), (iv) OCG, in its capacities as managing member of Oaktree Holdings, LLC ("Oaktree Holdings") and sole stockholder of Oaktree Holdings, Inc. ("Holdings"), (v) Oaktree Holdings, in its capacity as managing member of OCM Holdings I, LLC ("Oaktree Holdings I"), (vi) Oaktree Holdings I, in its capacity as general partner of Oaktree Capital I, L.P. ("Oaktree Capital I"), (vii) Oaktree Capital I, in its capacity as general partner of Oaktree Fund GP I, L.P. ("Oaktree Fund GP I"), (viii) Oaktree Fund GP I, in its capacity as managing member of Oaktree Fund GP, LLC ("Oaktree Fund GP"), (ix) Oaktree Fund GP, in its capacity as general partner of the PF V Fund,

F4 · ownership.nature: (Continued from Footnote 3) (x) OCGH LP in its capacity as controlling shareholder of Oaktree AIF Holdings, Inc. ("Oaktree AIF Holdings"), (xi) Oaktree AIF Holdings, in its capacity as general partner of Oaktree AIF Investments, L.P. ("Oaktree AIF Investments"), (xii) Oaktree AIF Investments, in its capacity as general partner of Oaktree Fund GP III, L.P. ("Oaktree GP III"), (xiii) Oaktree GP III, in its capacity as the managing member of Oaktree Fund GP AIF, LLC ("Oaktree GP AIF"), (xiv) Oaktree GP AIF, in its capacity as general partner of Oaktree Fund AIF Series, L.P. - Series I ("Oaktree AIF" and, collectively with the PF Fund, the AIF Fund, OCGH GP, OCGH LP, OCG, Oaktree Holdings, Oaktree Holdings I, Oaktree Capital I, Oaktree Fund GP I, Oaktree Fund GP, Oaktree AIF Holdings, Oaktree AIF Investments, Oaktree GP III, Oaktree GP AIF, Oaktree AIF, FIE and Holdings, the "Reporting Persons" and each, a "Reporting Person"),

F5 · ownership.nature: (Continued from Footnote 4) (xv) Oaktree AIF, in its capacity as general partner of the AIF Fund, (xvi) FIE, (xvii) Oaktree Capital Management, L.P. ("OCM"), in its capacity as the managing member of FIE, and (xviii) Holdings, in its capacity as the general partner of OCM.

F6 · ownership.nature: OCGH GP may be deemed to have a beneficial ownership interest in the 10,051,733 shares of Common Stock that are held and collectively owned by the PF V Fund, the AIF Fund and FIE. Each of OCG, Oaktree Holdings, Oaktree Holdings I, Oaktree Capital I, Oaktree Fund GP I and Oaktree Fund GP may be deemed to have a beneficial ownership interest in the 8,325,841 shares of Common Stock that are held and collectively owned by the PF V Fund and FIE. Each of OCG, Holdings and OCM may be deemed to have a beneficial ownership interest in the 58,152 shares of Common Stock that are held by FIE. Each of OCGH LP, Oaktree AIF Holdings, Oaktree AIF Investments, Oaktree GP III, Oaktree GP AIF and Oaktree AIF may be deemed to have a beneficial ownership interest in the 1,725,892 shares of Common Stock that are held by the AIF Fund.

F7 · ownership.nature: (Continued from Footnote 6) Information with respect to each Reporting Person is given solely by such Reporting Person, and no such Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Each Reporting Person disclaims beneficial ownership of all shares reported herein except to the extent of their respective pecuniary interest therein and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any shares covered by this Form 4.

F8 · ownership.nature: OCGH GP is a limited liability company managed by an executive committee, the members of which are Howard S. Marks, Bruce A. Karsh, Jay S. Wintrob, John B. Frank and Sheldon M. Stone (the "OCGH GP Members"). In such capacity, the OCGH GP Members may be deemed indirect beneficial owners of the securities reported herein. Except to the extent of their respective pecuniary interest, each OCGH GP Member disclaims beneficial ownership of the securities reported herein and the filing of this Form 4 shall not be construed as an admission that any such person is the beneficial owner of any securities covered by this Form 4.

SEC source: 0001209191-17-047683 · doc4.xml · nonDerivative · entry 2

Power Carlos · CIK 0001578141 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 199,971

F1 · shares: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-047683 · doc4.xml · nonDerivative · entry 1

Power Carlos · CIK 0001578141 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 200,377

F1 · shares: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-047685 · doc4.xml · nonDerivative · entry 2

McDonald Michael · CIK 0001559379 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 149,926

F1 · shares: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-047685 · doc4.xml · nonDerivative · entry 1

McDonald Michael · CIK 0001559379 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,168

F1 · shares: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-047687 · doc4.xml · nonDerivative · entry 2

Kafka Donald · CIK 0001631334 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 152,397

F1 · shares: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-047687 · doc4.xml · nonDerivative · entry 1

Kafka Donald · CIK 0001631334 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 152,924

F1 · shares: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-047680 · doc4.xml · nonDerivative · entry 2

RIVERA NAYDA · CIK 0001224437 · EVP and CRO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 265,907

F1 · shares: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F2 · balance_after: Includes 1,642 shares purchased through the Employee Purchase Plan.

SEC source: 0001209191-17-047680 · doc4.xml · nonDerivative · entry 1

RIVERA NAYDA · CIK 0001224437 · EVP and CRO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 266,397

F1 · shares: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

SEC source: 0001209191-17-047681 · doc4.xml · nonDerivative · entry 2

Lopez-Lay Ginoris · CIK 0001372784 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 132,797

F1 · shares: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.

F1 · price: 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 $5.94 (the closing price of the Issuer's common stock as quoted on the NYSE on August 2, 2017, the last trading day of the pay period). The shares reported as disposed of were withheld for taxes.