SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jul 26, 2016

2. SEC Identification Number

19073

3. BIR Tax Identification No.

000-288-698-000

4. Exact name of issuer as specified in its charter

FIRST PHILIPPINE HOLDINGS CORPORATION

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

6th Floor Rockwell Business Center Tower 3, Ortigas Avenue, Pasig City Postal Code 1604

8. Issuer's telephone number, including area code

2-631-8024

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	554,206,569
Preferred Redeemable	3,600,000

11. Indicate the item numbers reported herein

9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

First Philippine Holdings CorporationFPH

PSE Disclosure Form 4-26 - Legal Proceedings References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Item No. 9
Background/Description of the Disclosure
Reference is made to the previous disclosures made by First Philippine Holdings Corporation ("FPH") on the disputes and proceedings between First Philippine Electric Corporation ("First Philec") and First Philec Solar Corporation (FPSC) with SunPower Philippines Manufacturing Limited (“SPML”), including FPH’s disclosure on July 21, 2015. First Philec is a wholly owned subsidiary of FPH. FPSC is a joint venture company established by First Philec and SPML. SPML is a wholly owned subsidiary of SunPower Corporation, a US corporation focusing on the solar industry and listed on the Nasdaq Global Select Market. FPH has been advised by First Philec and FPSC that they have settled their disputes with SPML and that, as a result, they have together with SPML filed the appropriate Consent Order, motions or manifestation and shall do all such things as are reasonably necessary in order to discontinue, terminate or dismiss (as the case may be) all the legal proceedings that are pending between them in Hong Kong and in the Philippines. Under the terms of their settlement, SPML has paid FPSC USD 25,239,860 (which is equal to the full amount that SPML was ordered to pay FPSC in the arbitration) and First Philec USD 25,260,140, and will transfer all of SPML’s shares of stock in FPSC to First Philec.

Name of the court or agency in which the proceedings are pending	ICC International Court of Arbitration
Date Instituted	Nov 22, 2012
Docket Number	19090/CYK

Principal Parties
First Philippine Electric Corporation First Philec Solar Corporation SunPower Philippines Manufacturing, Ltd.
Nature and description of the legal proceedings
ICC Arbitration
The effect(s) on the Issuer's business or operations, if any
N/A
Other Relevant Information
Current developments