OFG BANCORP — Director's Dealing 2012

Feb 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Gil de Lamadrid Jose J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-23	Restricted Units	$	A	5000	Acquired		Common Stock (5000)	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 the 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.