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CENTRAL PACIFIC FINANCIAL CORP Director's Dealing 2016

May 4, 2016

32388_dirs_2016-05-03_4f538d79-0fef-440e-9fea-7508c8d201f7.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: Hudson David William (EVP)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-05-02 Common Stock M 1164 $23.39 Acquired 17468 Indirect
2016-05-02 Common Stock M 4030 $23.39 Acquired 21656 Indirect
2016-05-02 Common Stock M 158 $23.39 Acquired 17626 Indirect
2016-05-02 Common Stock M 547 $23.39 Acquired 22203 Indirect
2016-05-02 Common Stock F 475 $23.39 Disposed 21728 Indirect
2016-05-02 Common Stock F 1904 $23.39 Disposed 19789 Indirect
2016-05-02 Common Stock F 35 $23.39 Disposed 21693 Indirect
2016-05-02 Common Stock F 186 $23.39 Disposed 19603 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2016-05-02 Restricted Stock Unit $0 M 1164 Disposed 2017-05-02 Common Stock (1164) Direct
2016-05-02 Restricted Stock Unit $0 M 4030 Disposed 2017-05-02 Common Stock (4030) Direct
2016-05-02 Restricted Stock Unit $0 M 158 Disposed 2017-05-02 Common Stock (158) Direct
2016-05-02 Restricted Stock Unit $0 M 547 Disposed 2017-05-02 Common Stock (547) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3207 Direct
Common Stock 1304 Direct
Common Stock 947 Direct
Common Stock 2677 Direct
Common Stock 1338 Direct

Footnotes

F1: Shares used to cover taxes

F2: Shares used to cover taxes

F3: Shares used to cover taxes

F4: Shares used to cover taxes

F5: 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

F6: 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.

F7: RSUs time-based; granted 2/17/15

F8: RSU performance-based grant 2/28/14

F9: RSU time-based grant 2/28/14

F10: 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.

F11: 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