FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BRISTOW PETER M
2. Issuer Name and Ticker or Trading Symbol

FIRST CITIZENS BANCSHARES INC /DE/ [ FCNCA ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President
(Last)          (First)          (Middle)

4300 SIX FORKS ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

10/1/2014
(Street)

RALEIGH, NC 27609
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. 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
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common   10/1/2014     A    6332   A   (3) 6457   D    
Class A Common   10/1/2014     A    101764   A   (3) 194626   (1) I   By Spouse  
Class A Common   10/1/2014     A    10096   A   (3) 10645   (1) I   As custodian for Peter Bristow, Jr.  
Class A Common   10/1/2014     A    10004   A   (3) 10553   (1) I   As custodian for Charlotte Bristow  
Class A Common   10/1/2014     A    9848   A   (3) 10397   (1) I   As custodian for Ella Bristow  
Class A Common   10/1/2014     A    5216   A   (3) 6106   (1) I   PMB Investments, LLC  
Class A Common   10/1/2014     A    1764   A   (3) 2154   (1) I   CRB Investments, LLC  
Class A Common   10/1/2014     A    1680   A   (3) 2045   (1) I   EHB Investments, LLC  
Class A Common   10/1/2014     A    4400   A   (3) 19041   (1) I   As trustee for PMB Trust 2011  
Class A Common   10/1/2014     A    4400   A   (3) 19041   (1) I   As trustee for CRB Trust 2011  
Class A Common   10/1/2014     A    4400   A   (3) 19041   (1) I   As trustee for EHB Trust 2011  
Class A Common   10/1/2014     A    5448   A   (3) 10858   (1) I   Spouse as beneficiary of trust  
Class A Common                  0   (2) (4) I   By First Citizens Bancorporation, Inc.  
Class B Common                  318   D    
Class B Common                  83355   (1) I   By spouse  
Class B Common                  1732   (1) I   As custodian for Peter Bristow, Jr.  
Class B Common                  1733   (1) I   As custodian for Charlotte Bristow  
Class B Common                  1733   (1) I   As custodian for Ella Bristow  
Class B Common                  8350   (1) I   PMB Investments, LLC  
Class B Common                  8850   (1) I   CRB Investments, LLC  
Class B Common                  8710   (1) I   EHB Investments, LLC  
Class B Common                  1250   (1) I   Spouse as beneficiary of Trust  
Class B Common                  0   (2) (4) I   By First Citizens Bancorporaton, Inc.  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
( 2)  The Reporting Person was a director and officer, and he and his spouse were shareholders, of the company that owned these shares, but he disclaims beneficial ownership of the listed shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial ownership of the shares for purposes of Section 16 of the Securities Exchange Act of 1034 or for any other purpose.
( 3)  Reflects shares received in exchange for shares of common stock of First Citizens Bancorporation, Inc. ("BanCorp"), at the rate of 4 shares of the Issuer's Class A common stock and $50 in cash for each share of BanCorp stock held by the persons or in the manner indicated in this Report, in connection with the merger of BanCorp into the Issuer. On the day prior to the effective date of the merger, the reported last price of BanCorp's common stock was $922.25 per share, and the reported closing price of the Issuer's Class A common stock was $216.63 per share.
( 4)  Shares previously held by this entity were aquired by the Issuer and cancelled without consideration in the entity's merger with the Issuer.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BRISTOW PETER M
4300 SIX FORKS ROAD
RALEIGH, NC 27609
X X President

Signatures
Peter M. Bristow, By: William R. Lathan, Attorney-in-Fact 10/2/2014
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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