Sec Form 4 Filing - Holding Olivia Britton @ FIRST CITIZENS BANCSHARES INC /DE/ - 2020-03-13

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
Holding Olivia Britton
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)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
PO BOX 1352
3. Date of Earliest Transaction (MM/DD/YY)
03/13/2020
(Street)
SMITHFIELD, NC27577
4. If Amendment, Date Original Filed (MM/DD/YY)
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 09/09/2020 G V 402,569 D $ 0 151,451 D
Class A Common 10/21/2020 G V 2,500 D $ 0 148,951 D
Class A Common 09/09/2020 G V 402,569 A $ 0 408,649 I By: Olivia B. Holding Revocable Trust
Class A Common 10/21/2020 G V 22,500 D $ 0 386,149 I By: Olivia B. Holding Revocable Trust
Class A Common 10,544 I As beneficiary of Trust
Class A Common 12,152 I Co-Trustee of Peter McDonald Bristow 2019 Irrevocable Family Trust
Class A Common 2,675 I ( 1 ) By Holding Properties, LLC
Class A Common 827 I ( 1 ) By E&F Properties, Inc.
Class A Common 12,530 I ( 1 ) By Twin States Farming, Inc.
Class A Common 192,063 I ( 1 ) By Southern BancShares (N.C.), Inc. and subsidiary
Class A Common 174,469 I ( 1 ) By Yadkin Valley Company and subsidiary
Class A Common 100,000 I ( 1 ) By Fidelity BancShares (N.C.), Inc.
Class B Common 4,244 D
Class B Common 1,225 I As beneficiary of Trust
Class B Common 116,973 I By: Olivia B. Holding Revocable Trust
Class B Common 2,156 I ( 1 ) By Holding Properties, LLC
Class B Common 200 I ( 1 ) By E&F Properties, Inc.
Class B Common 1,355 I ( 1 ) By Twin States Farming, Inc.
Class B Common 22,619 I ( 1 ) By Southern BancShares (N.C.), INc. and subsidiary
Class B Common 4,150 I ( 1 ) By Yadkin Valley Company and subsidiary
Depositary Shares ( 2 ) 22,000 I ( 1 ) By Holding Properties, LLC
Depositary Shares ( 2 ) 03/13/2020 P 40,000 A $ 24.65 120,000 I ( 1 ) By Southern BancShares (N.C.), Inc.
Depositary Shares ( 2 ) 03/19/2020 P 78,945 A $ 18.88 ( 3 ) 198,945 I By Southern BancShares (N.C.), Inc.
Depositary Shares ( 2 ) 200,000 I ( 1 ) By Fidelity BancShares (N.C.), Inc.
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Holding Olivia Britton
PO BOX 1352
SMITHFIELD, NC27577
X
Signatures
Olivia B. Holding, By: William R. Lathan, Jr., Attorney-in-fact 11/19/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person is a director, officer, manager and/or shareholder of the companies that own these shares, but she disclaims beneficial ownership of the listed shares except to the extent of her pecuniary interest therein, if any, 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 )Each Depositary Share represents a 1/40th interest in a share of the Issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.
( 3 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.54 to $19.00 inclusive. The reporting person undertakes to provide First Citizens BancShares, Inc., and security holders of First Citizens BancShares, Inc., or the staff of the Securities and Exchange Commission, upon request full information regarding the number of shares purchased at each separate price within the above range.

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).
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