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OFG BANCORP — Director's Dealing 2014
Mar 4, 2014
31700_dirs_2014-03-03_4d22ef80-60da-45b8-bced-f88ade5621c2.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: 2014-02-27
Reporting Person: ROSADO RAMON A (SVP & Treasurer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-02-27 | Qualified Stock Option | $16.1 | A | 6000 | Acquired | 2024-02-27 | Common Stock (6000) | Direct |
| 2014-02-27 | Restricted Units | $ | A | 600 | Acquired | Common Stock (600) | Direct |
Footnotes
F1: Represents a right to buy the underlying securities.
F2: Will become exercisable at the rate of 25% per year commencing on the second anniversary date of the award date.
F3: Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.
F4: Not applicable. The Grantee is expected to receive the underlying shares of common stock at the end of the Restricted Period.
F5: 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.
F6: Not applicable.