FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   HARMON MICHAEL P 2. Date of Event Requiring Statement (Month/Day/Year) 10/27/2011 3. Issuer Name and Ticker or Trading Symbol FIRST BANCORP /PR/ [FBP] (Last) (First) (Middle) C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) LOS ANGELES, CA 90071 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock, par value $.10 per share 50,684,485 I (1) (2) See Footnotes (1) (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HARMON MICHAEL P C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 SOUTH GRAND AVENUE, 28TH FLOOR LOS ANGELES, CA 90071	  X	  X	Â	Â

Signatures

/s/ Michael P. Harmon		11/07/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Oaktree Principal Fund V (Delaware), L.P. (the "PF V Fund") directly owns an aggregate of 41,931,274 shares of the Issuer's common stock, par value $0.10 per share ("Common Stock"), and Oaktree FF Investment Fund AIF (Delaware), L.P. (the "AIF Fund") directly owns 8,753,211 shares of Common Stock. Each of Oaktree Fund GP I, L.P. ("Oaktree Fund GP I"), in its capacity as managing member of Oaktree Fund GP, LLC ("Oaktree Fund GP"), and Oaktree Fund GP, in its capacity as general partner of the PF V Fund, may be deemed to beneficially own the shares directly owned by the PF V Fund. Each of Oaktree Fund GP I, Oaktree Fund GP and the PF V Fund previously filed a Form 3 with respect to the securities reported herein. Each of Oaktree Fund GP III, L.P. ("Oaktree GP III"), in its capacity as sole member of Oaktree Fund GP AIF, LLC ("Oaktree GP AIF"),
(2)	Oaktree GP AIF, in its capacity as general partner of Oaktree Fund AIF Series, L.P. - Series I ("Oaktree AIF"), and Oaktree AIF, in its capacity as general partner of the AIF Fund, may be deemed to beneficially own the shares directly owned by the AIF Fund. Each of Oaktree GP III, Oaktree GP AIF, Oaktree AIF and the AIF Fund previously filed a Form 3 with respect to the securities reported herein. By virtue of Mr. Harmon's voting and investment authority with respect to Oaktree Fund GP I and Oaktree GP III, Mr. Harmon may be deemed to have a beneficial ownership interest in the securities reported herein. Except to the extent of his pecuniary interest, Mr. Harmon disclaims beneficial ownership of the securities reported herein and the filing of this Form 3 shall not be construed as an admission that Mr. Harmon is the beneficial owner of any securities covered by this Form 3.

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