SEC Form 4 · accession 0001380905-18-000001
OFG BANCORP · OFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cesar A Ortiz
Officer — SVP
Period of report
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 2:51 pm EST
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,F4,F2,F3 | — | Feb 27, 2018 | A | 2,500 | A | — | — | Common Stock | 2,500 | 4,400 | D |
Explanation of responses
- F1Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan ("Plan").
- F2Not applicable. The Grantee is expected to receive the underlying shares of common stock at the end of the Restricted Period.
- F3Subject to the provisions of the Plan, the Restricted Period shall lapse in its entirety on the third anniversary date of this Award.
- F4Not applicable.