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CENTRAL PACIFIC FINANCIAL CORP Director's Dealing 2016

May 4, 2016

32388_dirs_2016-05-03_d40da6e4-cc17-42b8-9d81-dc782776d02a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK: 0000701347
Period of Report: 2016-05-02

Reporting Person: Mizumoto Lance A. (Director, President & CBO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-05-02 Common Stock M 2097 $23.39 Acquired 42440 Direct
2016-05-02 Common Stock M 7253 $23.39 Acquired 49919 Direct
2016-05-02 Common Stock M 226 $23.39 Acquired 42666 Direct
2016-05-02 Common Stock M 781 $23.39 Acquired 50700 Direct
2016-05-02 Common Stock F 739 $23.39 Disposed 49961 Direct
2016-05-02 Common Stock F 2556 $23.39 Disposed 47405 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2016-05-02 Restricted Stock Unit $0 M 2097 Disposed 2017-05-02 Common Stock (2097) Direct
2016-05-02 Restricted Stock Unit $0 M 7253 Disposed 2017-05-02 Common Stock (7253) Direct
2016-05-02 Restricted Stock Unit $0 M 226 Disposed 2017-05-02 Common Stock (226) Direct
2016-05-02 Restricted Stock Unit $0 M 781 Disposed 2017-05-02 Common Stock (781) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 8122 Direct
Common Stock 3574 Direct
Common Stock 2304 Direct
Common Stock 4645 Direct
Common Stock 2340 Direct
Common Stock 6613 Direct

Footnotes

F1: Shares used to cover taxes

F2: Shares used to cover taxes

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: 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.

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

F6: RSUs performance-based granted 2/28/14

F7: RSU time-based granted 2/28/14

F8: RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.

F9: 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.

F10: 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