OFG BANCORP — Director's Dealing 2020

Apr 22, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2020-04-17

Reporting Person: Kumar Ganesh (SEVP & COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-17	Restricted Units	$	A	10000	Acquired		Common Stock (10000)	Direct

Footnotes

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

F2: Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.

F3: Subject to the provisions of the Plan, the Restricted Period 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.

F4: Not applicable.