OFG BANCORP — Director's Dealing 2011

Jun 7, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ORIENTAL FINANCIAL GROUP INC (OFG)
CIK: 0001030469
Period of Report: 2011-04-27

Reporting Person: ROSADO RAMON A (SVP & Treasurer)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Units	$		Common Stock (400)		Direct
Qualified Stock Option	$11.82	2021-01-21	Common Stock (2400)		Direct

Footnotes

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

F2: 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.

F3: See prior footnote.

F4: Not applicable. The Grantee is expected to receive the underlying shares of common stock at the end of the Restricted Period.

F5: Will become exercisable at the rate of 25% per year commencing on the second anniversary of the award date.