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CENTRAL PACIFIC FINANCIAL CORP Director's Dealing 2016

Mar 1, 2016

32388_dirs_2016-03-01_de0010f5-4055-4421-945b-50cecfdc5dd7.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: 2016-02-29

Reporting Person: ISONO DENIS (Executive Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-02-29 Common Stock M 1259 Acquired 52818 Indirect
2016-02-29 Common Stock M 3323 Acquired 56141 Indirect
2016-02-29 Common Stock F 1777 $19.93 Disposed 54364 Indirect
2016-02-29 Common Stock F 875 $19.93 Disposed 4486 Direct
2016-02-29 Common Stock F 362 $19.93 Disposed 2196 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2016-02-29 Restricted Stock Unit $0 M 1259 Disposed Common Stock (1259) Direct
2016-02-29 Restricted Stock Unit $0 M 3323 Disposed 2016-02-29 Common Stock (3323) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 261 Direct
Common Stock 5886 Indirect
Common Stock 30 Indirect
Common Stock 18 Indirect
Common Stock 4498 Direct
Common Stock 1499 Direct

Footnotes

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

F2: RSUs performance-based granted 2/28/14

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

F4: RSUs time-based granted 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: RSUs time-based; granted 2/17/15

F8: 3 year step vest starting 2/28/2014

F9: No expiration unless shares are forfeited prior to vesting.

F10: Original share amount should be 9,969. Correction of 1 share was made to original balance.

F11: 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.