CENTRAL PACIFIC FINANCIAL CORP — Director's Dealing 2014

Apr 9, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK: 0000701347
Period of Report: 2014-04-07

Reporting Person: Anchorage Advisors Management, LLC (10% Owner)
Reporting Person: Anchorage Capital Group, L.L.C. (10% Owner)
Reporting Person: Davis Anthony Lynn (10% Owner)
Reporting Person: Ulrich Kevin Michael (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-07	Common Stock, no par value per share	S	1391089	$20.20	Disposed	8072006	Direct

Footnotes

F1: These shares of the issuer's common stock, no par value ("Shares"), are held for the account ACMO-CPF, L.L.C., a Delaware limited liability company.

F2: Anchorage Advisors Management, L.L.C. is the sole managing member of Anchorage Capital Group, L.L.C. , the investment advisor to Anchorage Capital Master Offshore, Ltd., the sole member of ACMO-CPF, L.L.C. Mr. Davis is the President of Anchorage Capital Group, L.L.C. and a managing member of Anchorage Advisors Management, L.L.C. Mr. Ulrich is the Chief Executive Officer of Anchorage Capital Group, L.L.C. and the other managing member of Anchorage Advisors Management, L.L.C.

F3: Each reporting person disclaims beneficial ownership of the reported securities except to the extent, if any, of its or his pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.