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OFG BANCORP — Director's Dealing 2011
Jan 25, 2011
31700_dirs_2011-01-25_53f228c3-1d03-439b-a767-03eb332dd089.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: 2011-01-21
Reporting Person: Diaz Jose Gabriel (1st SVP & Exec Trust Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-21 | Restricted Units | $ | A | 700 | Acquired | Common Stock (700) | Direct | |
| 2011-01-21 | Qualified Stock Option | $11.82 | A | 4100 | Acquired | 2021-01-21 | Common Stock (4100) | 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.