CENTRAL PACIFIC FINANCIAL CORP — Director's Dealing 2015

Jun 18, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK: 0000701347
Period of Report: 2013-12-31

Reporting Person: Hudson David William (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-28	Common Stock	A	1858	—	Acquired	1858	Direct
2014-12-31	Common Stock	A	3754	—	Acquired	3754	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-31	Restricted Stock Unit	$0	A	6249	Acquired	2016-02-29	Common Stock (6249)	Direct
2014-12-31	Restricted Stock Unit	$0	A	20149	Acquired	2017-05-02	Common Stock (20149)	Direct
2014-12-31	Restricted Stock Unit	$0	A	2733	Acquired	2017-05-02	Common Stock (2733)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12149	Indirect
Common Stock	19375	Indirect
Common Stock	3207	Direct
Common Stock	1068	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit	$0		Common Stock (4230)	4230	Direct
Restricted Stock Unit	$0	2017-05-02	Common Stock (4786)	4786	Direct

Footnotes

F1: RSUs time-based originally filed on 3/4/2014 were reported with RSUs performance-based and combined into one holding. This clarifies that filing and creates a separate holding for the RSUs time-based only.

F2: RSUs performance-based were originally filed on 3/4/2014 at the maximum performance criteria. This supplements that filing to note the actual number shares that vested based on the performance results.

F3: RSUs performance-based, granted 2/17/15 reported at maximum number of shares to vest. Actual number of shares to vest based on performance results

F4: RSUs time-based; granted 2/17/15

F5: RSUs performance-based originally filed on 3/1/13 at 100% (target) performance criteria. This supplements that filing to note the actual number of shares vested based on performance results.

F6: RSUs performance-based originally filed on 5/3/12 at 100% (target) performance criteria. This supplements that filing to note the actual number of shares vested based on performance results.

F7: RSUs performance-based originally filed on 12/3/12 at 100% (target) performance criteria. This supplements that filing to note the actual number shares vested based on performance results

F8: 3 year step vest starting 2/28/2014

F9: Does not expire unless employment is terminated before shares vest.