OFG BANCORP — Director's Dealing 2016

Aug 24, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2016-08-23

Reporting Person: FERNANDEZ JOSE RAFAEL (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-23	Restricted Units	$	M	30000	Disposed		Common Stock ()	Direct

Footnotes

F1: Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").

F2: The Restricted Units convert to Common Stock on a one-for-one basis.

F3: Not applicable.

F4: Pursuant to the terms of the Plan, the Restricted Units were settled in cash in lieu of delivery of shares of Common Stock.