<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
OR 15d-17 THEREUNDER
FIRST FINANCIAL CARIBBEAN CORPORATION
- --------------------------------------------------------------------------------
(Exact name of issuer as specified in charter)
1159 Franklin D. Roosevelt Avenue, San Juan, Puerto Rico 00920
- --------------------------------------------------------------------------------
(Address of principal executive offices)
Issuer's telephone number, including area code (809) 749-7100
----------------------------------
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more in the number
of shares outstanding:
1. Title of security Common Stock, $1.00 par value per share
----------------------------------------------------------
2. Number of shares outstanding before the change 7,229,630
-----------------------------
3. Number of shares outstanding after the change 8,739,630
------------------------------
4. Effective date of change December 11, 1995
---------------------------------------------------
5. Method of change:
Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.)
Sale of newly issued shares through registered public offering.
- --------------------------------------------------------------------------------
Give brief description of transaction Public offering of 1,510,000
---------------------------------
newly issued shares of Common Stock underwritten by a group
------------------------------------------------------------------
of underwriters managed by Brean Murray, Foster Securities Inc.
------------------------------------------------------------------
II. CHANGE IN NAME OF ISSUER
1. Name prior to change N/A
--------------------------------------------------------
2. Name after change N/A
-----------------------------------------------------------
3. Effective date of charter amendment changing name N/A
---------------------------
4. Date of shareholder approval of change, if required N/A
-------------------------
Date December 15, 1995 /s/ Luis Alvarado
---------------------- ---------------------------------
Luis Alvarado
Executive Vice President and
Chief Financial Officer
