Edgar Filing: ALTIERI PABLO I

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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3235-0287

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January 31, 2005

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

ALTIERI PABLO I

2. Issuer Name and Ticker or Trading Symbol
ORIENTAL FINANCIAL GROUP INC [ofg]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

3. Date of Earliest Transaction (Month/Day/Year)
06/14/2005

(Street)

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock ⁽¹⁾	06/14/2005		J		2,235	D	$ 14.05	97,733	D
Common Stock ⁽¹⁾	06/14/2005		J		5,000	D	$ 14.0076	92,733	D
Common Stock ⁽¹⁾	06/14/2005		J		3,000	D	$ 14	89,733	D
Common Stock ⁽¹⁾	06/14/2005		J		5,000	D	$ 14	84,733	D
Common Stock ⁽¹⁾	06/14/2005		J		3,000	D	$ 14.06	81,733	D
Common Stock ⁽¹⁾	06/14/2005		J		3,000	D	$ 14.0607	78,733	D
Common Stock ⁽¹⁾	06/14/2005		J		5,000	D	$ 14	73,733	D
Common Stock ⁽¹⁾	06/14/2005		J		5,000	D	$ 14.0008	68,733	D
Common Stock ⁽¹⁾	06/14/2005		J		5,000	D	$ 14.03	63,733	D
Common Stock ⁽¹⁾	06/14/2005		J		5,000	D	$ 14.02	58,733	D
Common Stock ⁽¹⁾	06/15/2005		J		2,467	D	$ 14	56,266	D
Common Stock ⁽¹⁾	06/15/2005		J		3,000	D	$ 14.0033	53,266	D
Common Stock ⁽¹⁾	06/15/2005		J		5,000	D	$ 13.4812	48,266	D
Common Stock ⁽¹⁾	06/15/2005		J		5,000	D	$ 13.8616	43,266	D
Common Stock ⁽¹⁾	06/15/2005		J		3,200	D	$ 14	40,066	D
Common Stock ⁽¹⁾	06/15/2005		J		5,000	D	$ 13.538	35,066	D
Common Stock ⁽¹⁾	06/15/2005		J		5,000	D	$ 13.644	30,066	D
Common Stock ⁽¹⁾	06/15/2005		J		5,000	D	$ 13.6522	25,066	D
Common Stock ⁽¹⁾	06/15/2005		J		5,000	D	$ 13.6656	20,066	D
Common Stock ⁽¹⁾	06/15/2005		J		5,000	D	$ 13.73	15,066	D
Common Stock ⁽¹⁾	06/15/2005		J		5,000	D	$ 13.7576	10,066	D
Common Stock ⁽¹⁾	06/15/2005		J		5,000	D	$ 13.832	5,066	D
Common Stock ⁽¹⁾	06/15/2005		J		5,066	D	$ 13.8526	0	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
ALTIERI PABLO I	X

Signatures

Pablo I. Altieri		06/17/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The transaction herein is the result of a sale for a portfolio restructuring with tax planning purposes.

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