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CENTRAL PACIFIC FINANCIAL CORP Director's Dealing 2018

May 18, 2018

32388_dirs_2018-05-17_212656f2-4c26-4003-8cfb-7f3e1e4f55ae.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: 2018-05-15

Reporting Person: Morimoto David (EVP, CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2018-05-15 Common Stock F 323 $29.67 Disposed 2909 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 865 Direct
Common Stock 1528 Direct
Common Stock 1221 Direct
Common Stock 1137 Direct
Common Stock 255 Direct
Common Stock 6605 Direct
Common Stock 2399 Direct
Common Stock 455 Direct
Common Stock 1949 Direct
Common Stock 4643 Direct

Footnotes

F1: RSU time-based grant 5/15/14. Outstanding balance as of 7/1/15. Vesting schedule: 1,000-5/15/16; 1,000-5/15/17; 1,000-5/15/18; 1,000-5/15/19

F2: 2/17/15 PSU Grant. Shares to vest on 2/15/18, based on performance criteria results.

F3: 2/15/18 RSU time-based grant. Shares vest evenly over 3 years.

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

F5: 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.

F6: RSU time-based grant 2/15/15. Vesting schedule: 243-2/15/16; 242-2/15/17; 243-2/15/18

F7: RSU time-based grant 5/2/11. Outstanding balance as of 7/1/15. 3,710 shares to vest on 5/2/16

F8: RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.