CENTRAL PACIFIC FINANCIAL CORP — Director's Dealing 2016

Dec 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK: 0000701347
Period of Report: 2016-12-13

Reporting Person: Hudson David William (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-13	Common Stock	M	16234	$14.31	Acquired	35837	Indirect
2016-12-13	Common Stock	M	4512	$14.31	Acquired	40349	Indirect
2016-12-13	Common Stock	M	3040	$14.77	Acquired	43389	Indirect
2016-12-13	Common Stock	S	16234	$31.01	Disposed	27155	Indirect
2016-12-13	Common Stock	S	4512	$31.04	Disposed	22643	Indirect
2016-12-13	Common Stock	S	3040	$31.04	Disposed	19603	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-13	Incentive Stock Option	$14.31	M	16234	Disposed	2022-05-02	Common Stock (16234)	Direct
2016-12-13	Incentive Stock Option	$14.31	M	4512	Disposed	2022-05-02	Common Stock (4512)	Direct
2016-12-13	Option	$14.77	M	3040	Disposed	2022-11-02	Common Stock (3040)	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: Cashless exercise of stock options

F2: Cashless exercise of stock options

F3: Cashless exercise of stock options

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

F6: RSUs time-based; granted 2/17/15

F7: RSU performance-based grant 2/28/14

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