First Citizens BancShares (FCNCA) Form 4 FIRST CITIZENS BANCSHARES / Ellen R Alemany 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^*

Alemany Ellen R

(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	10% Owner
X	Officer (give title below)	Other (specify below)
Vice Chairwoman

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2022

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								17,439(1)(2)(3)	D
Class A Common								1,295(3)	I	June 2020 GRAT #1
Class A Common	08/08/2022		G		1,295	D	$0.00	0(3)	I	June 2020 GRAT #1
Class A Common								784	I	July 2020 GRAT #1
Class A Common								3,143	I	September 2020 GRAT #2
Class A Common								1,238(1)	I	March 2021 GRAT #1
Class A Common								7,646(2)	I	May 2022 GRAT
Class A Common	08/08/2022		G		1,295	A	$0.00	6,959(3)	I	Family GST Exempt Trust
Series C Preferred Stock								30,000	D

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. On May 25, 2022, 1800 shares of Class A Common Stock were distributed from the reporting person's May 2021 GRAT #1 (the "GRAT," of which she serves as a trustee) to the reporting person and continues to be reported in this Form 4 as directly owned, and the remaining 1,238 shares held by the GRAT continue to be so held and to be reported in this Form 4 as indirectly owned.

2. On May 26, 2022, the reporting person contributed 7,646 shares of Class A Common Stock held directly by her to a new grantor retained annuity trust (the "May 2022 GRAT," of which she serves as trustee), which shares continue to be reported in this Form 4 as indirectly owned.

3. In connection with the termination of the reporting person's June 2020 GRAT #1 (the "GRAT," of which she serves as a trustee) on August 8, 2022, 630 shares of Class A Common Stock were distributed to the reporting person and continue to be reported in this Form 4 as directly owned, and the remaining 1,295 shares held by the GRAT were transferred to the Family GST Exempt Trust as the remainder beneficiary and continue to be reported in this Form 4 as indirectly owned.

Remarks:

	Ellen R. Alemany, By: William R. Lathan, Jr., Attorney-in-fact	09/01/2022
	** 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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