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: Martines Arnold D (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-15	Common Stock	F	247	$31.46	Disposed	2784	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2187	Direct
Common Stock	3350	Direct
Common Stock	2364	Direct
Common Stock	1384	Indirect
Common Stock	818	Direct
Common Stock	794	Direct
Common Stock	815	Indirect
Common Stock	952	Indirect
Common Stock	652	Direct
Common Stock	5239	Direct
Common Stock	3859	Indirect
Common Stock	78.261	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: RSUs time-based grant 11/15/16; 5-year step vesting

F5: RSU grant 5/2/11. Outstanding shares as of 6/1/14. 1,810 shares to vest 5/2/15 and 1,810 shares to vest 5/2/16.

F6: RSU grant 5/2/11 outstanding shares as of 6/1/14. Vesting: 1,210 - 5/2/15 and 1,210 - 5/2/16

F7: 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years

F8: 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.

F9: RSU grant; 3-year time-based vesting, in which 1/3 will vest each year.

F10: 5/2/17 RSU Time-Based Grant. Shares vest evenly over 3 years

F11: RSUs time-based; granted 2/17/15