SEC Form 4 · accession 0001450938-15-000001
OFG BANCORP · OFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carlos Souffront
Officer — General Counsel & Secretary
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 3:31 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Qualified Stock OptionF1,F3,F2 | $17.44 | Feb 24, 2015 | A | 23,200 | A | Feb 24, 2017 | Feb 24, 2025 | Common Stock | 23,200 | 89,893 | D |
| Restricted UnitsF3,F6,F4,F5 | — | Feb 24, 2015 | A | 700 | A | — | — | Common Stock | 700 | 19,300 | D |
Explanation of responses
- F1Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan ("Plan"). Represent a right to buy the underlying securities.
- F2Will become exercisable at the rate of 25% per year commencing on the second anniversary of the award date.
- F3Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.
- F4Not applicable. The Grantee is expected to receive the underlying shares of common stock at the end of the Restricted Period.
- F5Subject to the provisions of the Plan, the Restricted Period shall lapse in its entirety on the third anniversary date of this award.
- F6Not applicable.