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CENTRAL PACIFIC FINANCIAL CORP Director's Dealing 2017

May 4, 2017

32388_dirs_2017-05-03_1ddb573e-e669-4886-bf17-2846bc245a7a.zip

Director's Dealing

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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: Hudson David William (EVP)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2017-05-02 Common Stock M 4029 $31.51 Acquired 23632 Indirect
2017-05-02 Common Stock M 1165 $31.51 Acquired 24797 Indirect
2017-05-02 Common Stock M 546 $31.51 Acquired 25343 Indirect
2017-05-02 Common Stock M 158 $31.51 Acquired 25501 Indirect
2017-05-02 Common Stock F 1419 $31.51 Disposed 24082 Indirect
2017-05-02 Common Stock F 409 $31.51 Disposed 23673 Indirect
2017-05-02 Common Stock F 191 $31.51 Disposed 23482 Indirect
2017-05-02 Common Stock F 54 $31.51 Disposed 23428 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2017-05-02 Restricted Stock Unit $0 M 4029 Disposed 2017-05-02 Common Stock (4029) Direct
2017-05-02 Restricted Stock Unit $0 M 1165 Disposed 2017-05-02 Common Stock (1165) Direct
2017-05-02 Restricted Stock Unit $0 M 546 Disposed 2017-05-02 Common Stock (546) Direct
2017-05-02 Restricted Stock Unit $0 M 158 Disposed 2017-05-02 Common Stock (158) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3207 Direct
Common Stock 1130 Direct
Common Stock 825 Direct
Common Stock 812 Direct
Common Stock 2065 Direct
Common Stock 1074 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: 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.

F4: 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years

F5: RSUs time-based; granted 2/17/15

F6: RSU performance-based grant 2/28/14

F7: RSU time-based grant 2/28/14

F8: 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.

F9: RSUs performance-based originally filed on 12/3/12 at 100% (target) performance criteria. This supplements that filing to note the actual number shares vested based on performance results