Sec Form 4 Filing - Ngo Agnes Catherine @ CENTRAL PACIFIC FINANCIAL CORP - 2018-02-15

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 Ngo Agnes Catherine 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 & CEO (Last) (First) (Middle) 220 S KING STREET 3. Date of Earliest Transaction (MM/DD/YY) 02/15/2018 (Street) HONOLULU, HI96813 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 ( 1 ) 02/15/2018 A 3,397 A $ 0 3,397 D Common Stock 02/15/2018 F 1,634 ( 2 ) D $ 29.44 3,548 D Common Stock ( 3 ) 02/15/2018 F 348 ( 2 ) D $ 29.44 2,258 D Common Stock ( 4 ) 02/15/2018 F 626 ( 2 ) D $ 29.44 4,298 D Common Stock ( 5 ) 02/15/2018 F 351 ( 2 ) D $ 29.44 2,765 D Common Stock 87,310 I Co-Trustee of Hines & Ngo 2000 Family Trust dtd 4/18/00 Common Stock 5,886 I CPB Foundation Common Stock 9,480 D Common Stock ( 6 ) 5,767 D Common Stock 2,714 I Robert Hines IRA Common Stock ( 7 ) 2,855 D Common Stock ( 8 ) 12,285 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Ngo Agnes Catherine 220 S KING STREET HONOLULU, HI96813 X President & CEO Signatures /s/ Patricia Foley, attorney-in-fact for Ms. A.C. Ngo 02/16/2018 Signature of Reporting Person Date

Explanation of Responses:

( 1 )2/15/18 RSU time-based grant. Shares vest evenly over 3 years. ( 2 )Shares used to cover taxes for vested shares ( 3 )RSUs time-based; granted 2/17/15 ( 4 )2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years. ( 5 )2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years ( 6 )RSUs performance-based were originally filed on 3/4/2014 at the maximum performance criteria. This supplements that filing to note the actual number shares that vested based on the performance results. ( 7 )RSUs time-based originally filed on 3/4/2014 were reported with RSUs performance-based and combined into one holding. This clarifies that filing and creates a separate holding for the RSUs time-based only. ( 8 )RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.

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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