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: ISONO DENIS (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-02	Common Stock	M	1864	$23.39	Acquired	56228	Indirect
2016-05-02	Common Stock	M	6448	$23.39	Acquired	62676	Indirect
2016-05-02	Common Stock	F	825	$23.39	Disposed	61851	Indirect
2016-05-02	Common Stock	F	3110	$23.39	Disposed	58741	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-02	Restricted Stock Unit	$0	M	1864	Disposed	2017-05-02	Common Stock (1864)	Direct
2016-05-02	Restricted Stock Unit	$0	M	6448	Disposed	2017-05-02	Common Stock (6448)	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
Common Stock	4486	Direct
Common Stock	2196	Direct

Footnotes

F1: Shares used to cover taxes

F2: Shares used to cover taxes

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

F5: RSUs performance-based granted 2/28/14

F6: RSUs time-based granted 2/28/14

F7: RSUs performance-based originally filed on 5/3/12 at 100% (target) performance criteria. This supplements that filing to note the actual number of shares vested based on performance results.