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OFG BANCORP — Director's Dealing 2010
Dec 9, 2010
31700_dirs_2010-12-09_1e6721e2-161c-4f16-92c7-e3a86f8a8a92.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ORIENTAL FINANCIAL GROUP INC (OFG)
CIK: 0001030469
Period of Report: 2010-12-03
Reporting Person: FERNANDEZ JOSE RAFAEL (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-12-03 | Restricted Units | $ | A | 50000 | Acquired | Common Stock (50000) | Direct | |
| 2010-12-03 | Qualified Stock Option | $11.95 | A | 100000 | Acquired | 2020-12-03 | Common Stock (100000) | Direct |
Footnotes
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.