AI assistant
CENTRAL PACIFIC FINANCIAL CORP — Director's Dealing 2015
May 6, 2015
32388_dirs_2015-05-05_01201dfa-3bcf-48a2-a46a-7e9b24c98625.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4/A — Form 4/A
Issuer: CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK: 0000701347
Period of Report: 2015-05-04
Reporting Person: Hudson David William (EVP)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-05-04 | Common Stock | M | 1165 | $22.99 | Acquired | 12778 | Indirect |
| 2015-05-04 | Common Stock | M | 12090 | $22.99 | Acquired | 24868 | Indirect |
| 2015-05-04 | Common Stock | M | 158 | $22.99 | Acquired | 25026 | Indirect |
| 2015-05-04 | Common Stock | M | 1640 | $22.99 | Acquired | 26666 | Indirect |
| 2015-05-04 | Common Stock | F | 681 | $22.99 | Disposed | 25985 | Indirect |
| 2015-05-04 | Common Stock | F | 5820 | $22.99 | Disposed | 20165 | Indirect |
| 2015-05-04 | Common Stock | F | 84 | $22.99 | Disposed | 20081 | Indirect |
| 2015-05-04 | Common Stock | F | 706 | $22.99 | Disposed | 19375 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-05-04 | Restricted Stock Unit | $0 | M | 1165 | Disposed | 2017-05-02 | Common Stock (1165) | Direct |
| 2015-05-04 | Restricted Stock Unit | $0 | M | 12090 | Disposed | 2017-05-02 | Common Stock (12090) | Direct |
| 2015-05-04 | Restricted Stock Unit | $0 | M | 158 | Disposed | 2017-05-02 | Common Stock (158) | Direct |
| 2015-05-04 | Restricted Stock Unit | $0 | M | 1640 | Disposed | 2017-05-02 | Common Stock (1640) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 12149 | Indirect |
| Common Stock | 8465 | Direct |
| Common Stock | 3207 | Direct |
| Common Stock | 1068 | Direct |
Footnotes
F1: PSUs vested at 1.73X target. 1st tranche = 60%
F2: PSUs (Two-thirds of 02/28/14 performance award grant): Based on attainment of 90% (threshold) of Board approved 2014 Target Net Income of $40.05 million. If threshold is not achieved, all shares will be forfeited. If threshold is achieved, the first tranche will vest in 2015; followed by the second and third tranches in 2016 and 2017 respectively. Vesting in 2016 is conditioned on the Company achieving a net income of at least $30 million in 2015. Likewise, vesting in 2017 is conditioned on the Company achieving a net income of at least $30 million in 2016. Actual shares earned will be based on 2014 Target Net Income results, with a Stretch Opportunity from 90% of Target up to 200% (cap). 1/3 of each portion will vest equally over the next 3 years.
F3: RSUs (one-third of 2/28/14 grant) Time Based, whereby shares vest in equal increments over 3 years.
F4: 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
F5: RSUs time-based; granted 2/17/15