OFG BANCORP - Director's Dealing 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ORIENTAL FINANCIAL GROUP INC (OFG)
CIK: 0001030469
Period of Report: 2010-01-18

Reporting Person: Micheo Julio (SEVP/CIO & Treasurer)

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-18	Restricted Units	$	A	1100	Acquired		Common Stock (1100)	Direct
2010-01-18	Qualified Stock Option	$11.5	A	10100	Acquired	2020-01-18	Common Stock (10100)	Direct

F1: Awarded pursuant to the Amended and Restated Oriental Financial Group Inc. 2007 Omnibus Performance Incentive Plan.

F2: Not applicable. The Grantee is expected to receive the underlying shares of common stock at the end of the Restricted Period.

F3: Subject to the provisions of the Plan, the Restricted Period shall lapse in its entirety on the third anniversary of the date of this Award.

F4: See prior footnote.

F5: Not applicable.

F6: Will become exercisable at the rate of 25% per year commencing on the second anniversary of the award date.