SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

FUJIMOTO BLENN

(Last)

(First)

(Middle)

220 SOUTH KING ST

(Street)

HONOLULU

96813

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CENTRAL PACIFIC FINANCIAL CORP [ CPF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	03/16/2020		F⁽²⁾		167	D	$15.34	1,229	D
Common Stock								13,962	D
Common Stock⁽³⁾								1,004	D
Common Stock								1,923	D
Common Stock⁽⁴⁾								2,665	D
Common Stock⁽⁵⁾								977	D
Common Stock⁽⁶⁾								1,234	D
Common Stock⁽⁷⁾								682	D
Common Stock⁽⁸⁾								515	D
Common Stock⁽⁹⁾								440	D
Common Stock⁽¹⁰⁾								1,290	D
Common Stock⁽¹¹⁾								723	D
Common Stock⁽¹²⁾								2,524	D
Common Stock⁽¹³⁾								783	D
Common Stock⁽¹⁴⁾								430	D
Common Stock⁽¹⁵⁾								358	D
Common Stock⁽¹⁶⁾								729	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. RSU time-based grant. Shares vest evenly over 3 years

2. Shares exercised to cover taxes on vested shares

3. 2/15/17 PSU Grant that cliff vests on 2/18/20 based on 2019 year-end performance results. Amount reported is actual number of shares that vested and were issued on 2/18/20.

4. RSUs time-based grant 11/15/16; 5-year step vesting

5. 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years

6. 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years

7. 2/15/18 RSU time-based grant. Shares vest evenly over 3 years.

8. 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years

9. Balance as of 9/1/16

10. 2/17/15 PSU Grant. Shares to vest 2/15/18, based on performance criteria and results.

11. 2/28/14 PSU Grant

12. Outstanding balance as of 9/1/16. Shares to vest on 5/2/17.

13. 2/16/16 RSU Time-Based Grant. Outstanding balance as of 9/1/16. Vesting: 440-2/15/17; 441-2/15/18, 440-2/15/19.

14. 2/17/15 RSU Time-Based Grant. Outstanding balance as of 9/1/16. Vesting: 373 on 2/15/17 & 372 on 2/15/18.

15. 2/28/14 RSU Grant

16. Outstanding balance as of 9/1/16. Shares to vest on 5/2/17

	/s/ Sherilyn Braunthal, attorney-in-fact for Mr. Fujimoto	03/17/2020
	** Signature of Reporting Person	Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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