SEC Form 4 · accession 0001254550-16-000011
OFG BANCORP · OFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Jose Rafael Fernandez
Officer — President & CEO · Director
Period of report
Aug 23, 2016
Accepted (ET)
Aug 24, 2016 · 3:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001030469
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted UnitsF1,F3,F2,F4 | — | Aug 23, 2016 | M | 30,000 | D | — | — | Common Stock | — | 207,885 | D |
Explanation of responses
- F1Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").
- F2The Restricted Units convert to Common Stock on a one-for-one basis.
- F3Not applicable.
- F4Pursuant to the terms of the Plan, the Restricted Units were settled in cash in lieu of delivery of shares of Common Stock.