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OFG BANCORP Director's Dealing 2014

May 7, 2014

31700_dirs_2014-05-06_a387a3b7-ee4f-4eb5-afb1-c9f3adb0a138.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2014-05-05

Reporting Person: Ortiz Cesar A (SVP & Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-05	Common Stock	M	137	$8.28	Acquired	2850	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-05	Qualified Stock Option	$8.28	M	137	Disposed	2019-04-28	Common Stock (137)	Direct

Footnotes

F1: Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. These options represent a right to buy the underlying securities.

F2: This award is exercisable at the rate of 25% per year commencing on April 28, 2011.

F3: The executive is exercising a derivative security.