Certain Common Stock of First BanCorp. are subject to a Lock-Up Agreement Ending on 29-JAN-2017. These Common Stock will be under lockup for 60 days starting from 30-NOV-2016 to 29-JAN-2017.

Details:
The executive officers and directors have agreed that they will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares of common stock or securities convertible into or exchangeable or exercisable for any shares of our common stock, for a period of 45 days after the date of this prospectus supplement without the prior written consent of Davis Polk & Wardwell LLP.