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OFG BANCORP — Director's Dealing 2010
Aug 4, 2010
31700_dirs_2010-08-04_c1dbfce1-9eb9-4138-b8ef-1180742426dc.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: 2010-08-02
Reporting Person: GONZALEZ JOSE R (SEVP-Banking & Corporate Dev)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-02 | Restricted Units | $ | A | 15000 | Acquired | Common Stock (15000) | Direct | |
| 2010-08-02 | Qualified Stock Option | $14.08 | A | 30000 | Acquired | 2020-08-02 | Common Stock (30000) | 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 excercisable at the rate of 25% per year commencing on the second anniversary of the award date.