SEC Form 4 · accession 0001302232-19-000001
OFG BANCORP · OFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ganesh Kumar
Officer — SEVP & COO
Period of report
Mar 5, 2019
Accepted (ET)
Mar 7, 2019 · 1:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001030469
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 5, 2019 | M | 1,493 | $8.28 | A | 35,570 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Qualified Stock OptionsF1,F3,F2 | $8.28 | Mar 5, 2019 | M | 1,493 | D | — | Apr 28, 2019 | Common Stock | 1,493 | 120,600 | D |
Explanation of responses
- F1Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. These options represented a right to buy the underlying securities.
- F2This Award is exercisable at the rate of 25% per year commencing on April 28, 2011.
- F3The executive is exercising a derivative security.