CENTRAL PACIFIC FINANCIAL CORP — Director's Dealing 2016

May 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK: 0000701347
Period of Report: 2016-05-16

Reporting Person: Ching Glenn (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-16	Common Stock	F	444	$22.67	Disposed	3556	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2485	Direct
Common Stock	2186	Direct
Common Stock	584	Direct
Common Stock	1926	Direct
Common Stock	6154	Direct
Common Stock	1321	Direct

Footnotes

F1: RSU time-based grant 5/15/14. Outstanding balance as of 1/1/16. 5 year vesting schedule, remaining vests: 1000-5/15/16; 1000-5/15/17; 1000-5/15/18; 1000-5/15/19

F2: Shares used for taxes on vested shares

F3: 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

F4: RSU time-based grant 2/17/15. Outstanding balance as of 1/1/16. 3 year vesting schedule: 243-2/17/16; 242-2/17/17; 243-2/17/18

F5: RSU time-based grant 5/2/11. Outstanding balance as of 1/1/16. 5 year vesting schedule, remaining vest: 3,710-5/2/16

F6: 2/16/16 RSU Grant. Shares vest equally over 5 years.

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