CENTRAL PACIFIC FINANCIAL CORP — Director's Dealing 2017

May 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK: 0000701347
Period of Report: 2017-05-02

Reporting Person: ISONO DENIS (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-02	Common Stock	M	6447	$31.51	Acquired	65188	Indirect
2017-05-02	Common Stock	M	1863	$31.51	Acquired	67051	Indirect
2017-05-02	Common Stock	F	2272	$31.51	Disposed	64779	Indirect
2017-05-02	Common Stock	F	656	$31.51	Disposed	64123	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-02	Restricted Stock Unit	$0	M	6447	Disposed	2017-05-02	Common Stock (6447)	Direct
2017-05-02	Restricted Stock Unit	$0	M	1863	Disposed	2017-05-02	Common Stock (1863)	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	1294	Direct
Common Stock	3678	Direct
Common Stock	1833	Direct

Footnotes

F1: Shares used to cover taxes for vested shares

F2: 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

F3: RSUs time-based; granted 2/17/15

F4: RSUs performance-based granted 2/28/14

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

F6: 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.