OFG BANCORP - Director's Dealing 2012

SEC Form 4/A — Form 4/A

Issuer: ORIENTAL FINANCIAL GROUP INC (OFG)
CIK: 0001030469
Period of Report: 2012-02-23

Reporting Person: GONZALEZ JOSE R (SEVP-Banking & Corporate Dev)

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-23	Restricted Units	$	A	3700	Acquired		Common Stock (3700)	Direct
2012-02-23	Qualified Stock Option	$11.83	A	25200	Acquired	2022-02-23	Commmon Stock (25200)	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 excercisable at the rate of 25% per year commencing on the second anniversary of the award date.