Sec Form 4 Filing - Mizumoto Lance A. @ CENTRAL PACIFIC FINANCIAL CORP - 2016-05-02

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Mizumoto Lance A.
2. Issuer Name and Ticker or Trading Symbol
CENTRAL PACIFIC FINANCIAL CORP [ CPF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & CBO
(Last) (First) (Middle)
220 S KING ST
3. Date of Earliest Transaction (MM/DD/YY)
05/02/2016
(Street)
HONOLULU, HI
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/02/2016 M 2,097 A $ 23.39 42,440 D
Common Stock 05/02/2016 M 7,253 A $ 23.39 49,919 D
Common Stock 05/02/2016 M 226 A $ 23.39 42,666 D
Common Stock 05/02/2016 M 781 A $ 23.39 50,700 D
Common Stock 05/02/2016 F 739 ( 1 ) D $ 23.39 49,961 D
Common Stock 05/02/2016 F 2,556 ( 2 ) D $ 23.39 47,405 D
Common Stock ( 3 ) 8,122 D
Common Stock ( 4 ) 3,574 D
Common Stock ( 5 ) 2,304 D
Common Stock ( 6 ) 4,645 D
Common Stock ( 7 ) 2,340 D
Common Stock ( 8 ) 6,613 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit $ 0 05/02/2016 M 2,097 05/02/2013 05/02/2017 Common Stock 2,097 $ 0 6,309 D
Restricted Stock Unit ( 9 ) $ 0 05/02/2016 M 7,253 05/04/2015 05/02/2017 Common Stock 7,253 $ 0 29,014 D
Restricted Stock Unit $ 0 05/02/2016 M 226 05/02/2013 05/02/2017 Common Stock 226 $ 0 6,083 D
Restricted Stock Unit ( 10 ) $ 0 05/02/2016 M 781 05/04/2015 05/02/2017 Common Stock 781 $ 0 3,123 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Mizumoto Lance A.
220 S KING ST
HONOLULU, HI
X President & CBO
Signatures
/s/ Patricia Foley, attorney-in-fact for Lance A. Mizumoto 05/03/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares used to cover taxes
( 2 )Shares used to cover taxes
( 3 )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
( 4 )2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.
( 5 )RSUs time-based; granted 2/17/15
( 6 )RSUs performance-based granted 2/28/14
( 7 )RSU time-based granted 2/28/14
( 8 )RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.
( 9 )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.
( 10 )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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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