CENTRAL PACIFIC FINANCIAL CORP — Director's Dealing 2015

May 6, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK: 0000701347
Period of Report: 2015-05-04

Reporting Person: Martines Arnold D (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-04	Common Stock	F	637	$22.99	Disposed	2983	Direct
2015-05-04	Common Stock	F	488	$22.99	Disposed	1932	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5239	Direct
Common Stock	1498.261	Indirect
Common Stock	3859	Indirect
Common Stock	2187	Direct
Common Stock	3500	Direct
Common Stock	728	Direct

Footnotes

F1: RSU grant 5/2/11. Outstanding shares as of 6/1/14. 1,810 shares to vest 5/2/15 and 1,810 shares to vest 5/2/16.

F2: RSU grant 5/2/11 outstanding shares as of 6/1/14. Vesting: 1,210 - 5/2/15 and 1,210 - 5/2/16

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: RSU grant on 5/15/14, with 5-year vesting schedule. Shares to vest in equal increments over 5 years.

F5: RSUs time-based; granted 2/17/15