OFG BANCORP — Director's Dealing 2020

Feb 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2020-02-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-14	Common Stock	S	400	$20.98	Disposed	0	Direct
2020-02-18	Common Stock	M	4500	$14.52	Acquired	4500	Direct
2020-02-18	Common Stock	M	4125	$11.83	Acquired	8625	Direct
2020-02-18	Common Stock	M	1025	$11.82	Acquired	9650	Direct
2020-02-18	Common Stock	M	6000	$16.1	Acquired	15650	Direct
2020-02-18	Common Stock	M	4500	$17.44	Acquired	20150	Direct
2020-02-18	Common Stock	S	4900	$20.2374	Disposed	15250	Direct
2020-02-18	Common Stock	S	9925	$20.2624	Disposed	5325	Direct
2020-02-18	Common Stock	S	5325	$20.3	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-18	Qualified Stock Options	$14.52	M	4500	Disposed	2023-01-22	Common Stock (4500)	Direct
2020-02-18	Qualified Stock Options	$11.83	M	4125	Disposed	2022-02-23	Common Stock (4125)	Direct
2020-02-18	Qualified Stock Options	$11.82	M	1025	Disposed	2021-01-21	Common Stock (1025)	Direct
2020-02-18	Qualified Stock Options	$16.1	M	6000	Disposed	2024-02-27	Common Stock (6000)	Direct
2020-02-18	Qualified Stock Options	$17.44	M	4500	Disposed	2025-02-24	Common Stock (4500)	Direct

Footnotes

F1: Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. These options represented a right to buy the underlying securities.

F2: This Award became exercisable at the rate of 25% per year commencing on January 22, 2015.

F3: The executive is exercising a derivative security.

F4: This Award became exercisable at the rate of 25% per year commencing on February 23, 2014.

F5: This Award became exercisable at the rate of 25% per year commencing on January 21, 2013.

F6: This Award became exercisable at the rate of 25% per year commencing on February 27, 2016.

F7: This Award became exercisable at the rate of 25% per year commencing on February 24, 2017.