CENTRAL PACIFIC FINANCIAL CORP — Director's Dealing 2016

May 4, 2016

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: Martines Arnold D (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-02	Common Stock	F	619	$23.39	Disposed	2364	Direct
2016-05-02	Common Stock	F	548	$23.39	Disposed	1384	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2187	Direct
Common Stock	3262	Direct
Common Stock	895	Direct
Common Stock	728	Direct
Common Stock	5239	Direct
Common Stock	3859	Indirect
Common Stock	1498.261	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: Shares used for taxes

F3: RSU grant 5/2/11 outstanding shares as of 6/1/14. Vesting: 1,210 - 5/2/15 and 1,210 - 5/2/16

F4: Shares used for 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: RSU grant on 5/15/14, with 5-year vesting schedule. Shares to vest in equal increments over 5 years.

F7: 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.

F8: RSUs time-based; granted 2/17/15