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OFG BANCORP — Director's Dealing 2012
Feb 24, 2012
31700_dirs_2012-02-24_195e0ce3-67b0-47ce-a240-603b099898e5.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: 2012-02-23
Reporting Person: Kumar Ganesh (EVP & CFO)
Derivative Transactions
| 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 | Common Stock (25200) | 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 received the underlying shares of the common stock at the end of the Restricted Period.
F3: Subject to the provisions of the Plan, the Restriction 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.