Edgar Filing: HOLDING FRANK B

Ownership Submission

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

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

OMB APPROVAL

OMB Number:

3235-0287

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

HOLDING FRANK B

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)
Executive Vice Chairman

(Last)

(First)

(Middle)

POST OFFICE BOX 1377

3. Date of Earliest Transaction (Month/Day/Year)
02/16/2010

(Street)

SMITHFIELD, NC 27577

4. If Amendment, Date 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

(City)

(State)

(Zip)

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock								1,066,526	D
Class A Common Stock								240,836 ⁽¹⁾	I	By adult children and their spouses and children
Class A Common Stock								26,430 ⁽¹⁾	I	By trust for adult children
Class A Common Stock								8,214 ⁽²⁾	I	By Twin States Farming, Inc.
Class A Common Stock								167,600 ⁽²⁾	I	By First Citizens Bancorporation, Inc.
Class A Common Stock								28,628 ⁽²⁾	I	By Heritage BancShares, Inc. and subsidiary
Class A Common Stock								100,000 ⁽²⁾	I	By Fidelity BancShares, Inc.
Class A Common Stock								46,699 ⁽²⁾	I	By Southern BancShares(N.C.), Inc.
Class A Common Stock								46,000 ⁽²⁾	I	By Southern Bank and Trust Company
Class A Common Stock								54,000 ⁽²⁾	I	By Goshen, Inc.
Class A Common Stock								627 ⁽²⁾	I	By E&F Properties, Inc.
Class B Common Stock								553,616 ⁽¹⁾	I	By adult children and their spouses and children
Class B Common Stock								45,900 ⁽²⁾	I	By First Citizens Bancorporation, Inc.
Class B Common Stock								22,619 ⁽²⁾	I	By Southern BancShares (N.C.), Inc.
Class B Common Stock								6,175 ⁽¹⁾	I	By trust for adult children
Class B Common Stock								1,355 ⁽²⁾	I	By Twin States Farming, Inc.
Class B Common Stock								200 ⁽²⁾	I	By E&F Properties, Inc.
Class A Common Stock								508,617 ⁽¹⁾	I	By Ella Ann 2009 GRAT
Class B Common Stock								7,497 ⁽¹⁾	I	By Ella Ann 2008 GRAT
Class B Common Stock								35,116 ⁽¹⁾	I	By Ella Ann 2009 GRAT
Class A Common Stock	02/16/2010		P		604	A	$ 174.36	1,038 ⁽¹⁾	I	By spouse
Class A Common Stock								16,789	I	By F. Holding 2008 GRAT
Class B Common Stock								2,845 ⁽¹⁾	I	By spouse
Class A Common Stock								184,304 ⁽¹⁾	I	By Ella Ann 2008 GRAT
Class B Common Stock								950 ⁽¹⁾	I	By Ella Ann Lee Holding Revocable Trust dtd October 24, 2007
Class A Common Stock								300	I	By F. Holding 2009 GRAT

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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.		SEC 1474 (9-02)

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 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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
HOLDING FRANK B POST OFFICE BOX 1377 SMITHFIELD, NC 27577	X	X	Executive Vice Chairman

Signatures

Frank B. Holding, By: William R. Lathan, Jr., Attorney-in-Fact		02/18/2010
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(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 is a director, officer and/or principal shareholder of the companies that own these shares, but he disclaims beneficial ownership of the listed shares except to the extent of his pecuniary interest therein.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.