OFG BANCORP — Director's Dealing 2020

Dec 28, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2020-12-16

Reporting Person: Ortiz Cesar A (Managing Director Corp Perform)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1944	Direct
Common Stock	17622	Indirect
Non-Cumulative Perpetual Preferred Stock, Series B	2840	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Units	$		Common Stock (2500)		Direct
Restricted Units	$		Common Stock (1005)		Direct
Restricted Units	$		Common Stock (1700)		Direct
Qualified Stock Options	$16.1	2024-02-27	Common Stock (6000)		Direct

Footnotes

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

F2: Subject to the provisions of the Plan, the Restricted Period shall lapse in its entirety on the third anniversary date of the Award (February 27, 2021).

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

F4: Subject to the provisions of the Plan, the Restricted Period of the 1,500 Restricted Units originally awarded on February 20, 2019, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary of the date of the Award.

F5: Subject to the provisions of the Plan, the Restricted Period of these Restricted Units awarded on February 18, 2020, shall lapse in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary and 34% on the third anniversary of the date of the Award.

F6: Awarded pursuant to the Plan. Represent a right to buy the underlying securities.

F7: These stock options are fully exercisable.