OFG BANCORP — Director's Dealing 2014

Jul 16, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2014-07-07

Reporting Person: Arizmendi Maritza (SVP Corporate Finance)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Qualified Stock Options	$16.1	2024-02-27	Common Stock (6000)		Direct
Restricted Units	$		Common Stock (600)		Direct

Footnotes

F1: Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan ("Plan"). Represent a right to buy the underlying securities.

F2: Will become exercisable at the rate of 25% per year commencing on the second anniversary of the award date.

F3: Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan ("Plan").

F4: Subject to the provisions of the Plan, the Restricted Period shall lapse in its entirety on the third anniversary date of the Award.

F5: The Restricted Units convert to Common Stock on a one-for-one basis.