CENTRAL PACIFIC FINANCIAL CORP — Director's Dealing 2017

May 16, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK: 0000701347
Period of Report: 2017-05-15

Reporting Person: Moriwaki Lee Y (Executive Vice President, CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-15	Common Stock	F	353	$31.46	Disposed	3796	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1360	Direct
Common Stock	552	Indirect
Common Stock	3135	Direct
Common Stock	1044	Direct
Common Stock	703	Direct
Common Stock	805	Direct
Common Stock	1071	Direct
Common Stock	732	Direct
Common Stock	4190	Direct

Footnotes

F1: RSU grant on 5/15/14, with 5-year vesting schedule. Shares to vest in equal increments over 5 years.

F2: Shares used to cover taxes for 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 grant 11/30/12. Outstanding shares as of 2/1/15; vesting: 584 - 5/2/15; 583 - 5/2/16; 584 - 5/2/17

F5: RSU grant 8/31/11. Outstanding shares as of 2/1/15. Vesting: 583 - 8/31/15; 584 - 8/31/16

F6: 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years

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

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

F9: RSU Grant 2/17/15 with 5-yr vesting schedule. Shares vest in equal increments over 5 years.