First Citizens BancShares (FCNCO) Form 4 FIRST CITIZENS BANCSHARES / HOPE HOLDING BRYANT ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BRYANT HOPE HOLDING

(Last) (First) (Middle)

4300 SIX FORKS ROAD

(Street)

RALEIGH NC 27609

(City) (State) (Zip)

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)
Vice Chairman

3. Date of Earliest Transaction (Month/Day/Year)
06/28/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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 Stock								108,725	D
Class A Common Stock								28,200(1)	I	Hope H. Bryant 2020 GRAT #2
Class A Common Stock	06/28/2022		G	V	28,200	D	$0.00	0(1)	I	Hope H. Bryant 2020 GRAT #2
Class A Common Stock								78,387	I	Hope H. Bryant 2021 GRAT
Class A Common Stock								189,059(1)	I	Revocable Trust for Hope H. Bryant
Class A Common Stock								10,772	I	As beneficiary of Trust
Class A Common Stock								103	I(2)	By Spouse
Class A Common Stock	06/28/2022		G	V	9,400	A	$0.00	63,334	I(2)	Revocable Trust fbo of Elliot B. Connell
Class A Common Stock								827	I(3)	By E&F Properties
Class A Common Stock								12,530	I(3)	By Twin States Farming, Inc.
Class A Common Stock								192,063	I(3)	By Southern BancShares (N.C.), Inc. and subsidiary
Class A Common Stock								100,000	I(3)	By Fidelity BancShares (N.C.), Inc.
Class B Common Stock								17	D
Class B Common Stock								15,739	I	Revocable Trust for Hope H. Bryant
Class B Common Stock								1,225	I	As beneficiary of Trust
Class B Common Stock								98	I(2)	By spouse
Class B Common Stock								33,833	I(2)	Revocable Trust fbo of Elliot B. Connell
Class B Common Stock								200	I(3)	By E&F Properties, Inc.
Class B Common Stock								1,355	I(3)	By Twin States Farming, Inc.
Class B Common Stock								22,619	I(3)	By Southern BancShares (N.C.), Inc. and subsidiary
Depositary Shares(4)								12,000	I	Revocable Trust for Hope H. Bryant
Depositary Shares(4)								198,945	I(3)	By Southern BancShares (N.C.), Inc.
Depositary Shares(4)								200,000	I(3)	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		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: 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. In connection with the termination of the Hope H. Bryant 2020 grantor retained annuity trust #2 (the "GRAT") on June 28, 2022, 13,125 shares of Class A Common Stock were distributed to the reporting person's revocable trust and continue to be reported in this Form 4 as indirectly owned, and the remaining 28,200 shares previously held by the GRAT were transferred to the reporting person's children.

2. 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.

3. The reporting person is a director, officer 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.

4. Each Depositary Share represents a 1/40th interest in a share of the Issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.

Remarks:

	Hope H. Bryant, By: E. Knox Proctor V Attorney-in-fact	07/06/2022
	** 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.
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