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OFG BANCORP — Director's Dealing 2015
Feb 26, 2015
31700_dirs_2015-02-26_8f345a3c-5a4d-4b39-9f2d-e0c36d40ee98.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: 2015-02-24
Reporting Person: SOUFFRONT CARLOS (General Counsel & Secretary)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-24 | Qualified Stock Option | $17.44 | A | 23200 | Acquired | 2025-02-24 | Common Stock (23200) | Direct |
| 2015-02-24 | Restricted Units | $ | A | 700 | Acquired | Common Stock (700) | 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.
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 date of this award.
F6: Not applicable.