OFG BANCORP — Director's Dealing 2018

Mar 8, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2018-02-28

Reporting Person: Cruz Rafael (SVP & Chief Risk & Compliance)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1627.461	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Units	$		Common Stock (4800)		Direct
Qualified Stock Option	$		Common Stock (21650)		Direct

Footnotes

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

F2: 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.

F3: Not applicable. The Grantee is expected to receive the underlying shares of common stock at the end of the Restricted Period.

F4: A quarter of the stock options granted vest on the second anniversary of the award and annually thereafter until fully vesting on the fifth anniversary of the award. Mr. Cruz has: 1,025 stock options awarded on January 21, 2011 with an exercise price of $11.82; 4,125 stock options awarded on February 23, 2012, with an exercise price of $11.83; 4,500 stock options awarded on January 22, 2013, with an exercise price of $14.52; 6,000 stock options awarded on February 27, 2014, with an exercise price of $16.10; and 6,000 stock options awarded on February 24, 2015 with an exercise price of $17.44.