CENTRAL PACIFIC FINANCIAL CORP — Director's Dealing 2016

Mar 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK: 0000701347
Period of Report: 2016-02-29

Reporting Person: Hudson David William (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-29	Common Stock	M	2083	—	Acquired	33507	Indirect
2016-02-29	Common Stock	M	789	—	Acquired	34296	Indirect
2016-02-29	Common Stock	F	1325	$19.93	Disposed	32971	Indirect
2016-02-29	Common Stock	F	567	$19.93	Disposed	2677	Direct
2016-02-29	Common Stock	F	203	$19.93	Disposed	1338	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-29	Restricted Stock Unit	$0	M	2083	Disposed	2016-02-29	Common Stock (2083)	Direct
2016-02-29	Restricted Stock Unit	$0	M	789	Disposed		Common Stock (789)	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: Shares exercised to cover taxes related to vesting from 2/28/13 RSU & PSU grant

F2: RSU performance-based grant 2/28/14

F3: Shares exercised to cover taxes related to vesting from 2/28/14 PSU grant

F4: RSU time-based grant 2/28/14

F5: Shares exercised to cover taxes related to vesting from 2/28/14 RSU grant

F6: 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

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

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

F9: RSUs performance-based originally filed on 3/1/13 at 100% (target) performance criteria. This supplements that filing to note the actual number of shares vested based on performance results.

F10: 3 year step vest starting 2/28/2014

F11: Does not expire unless employment is terminated before shares vest.