Form 4 CENTRAL PACIFIC FINANCIA For: May 16 Filed by: Martines Arnold D

May 18, 2022 2:48 PM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
  
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 *
Martines Arnold D

(Last) (First) (Middle)
220 SOUTH KING ST

(Street)
HONOLULU HI 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)
President & COO
3. Date of Earliest Transaction (Month/Day/Year)
05/16/2022
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)
Code V Amount (A) or (D) Price
Common Stock (1) 05/16/2022   F (2)   281 D $ 23.64 3,514 D  
Common Stock (3) 05/16/2022   F (2)   382 D $ 23.64 2,787 D  
Common Stock (4)               982 D  
Common Stock (5)               1,113 D  
Common Stock (6)               491 D  
Common Stock (7)               696 D  
Common Stock (8)               1,514 D  
Common Stock (9)               738 I Spouse
Common Stock (10)               328 I Spouse
Common Stock (11)               370 D  
Common Stock (12)               5,975 D  
Common Stock (13)               7,412 D  
Common Stock (13)               4,372 D  
Common Stock (14)               170 D  
Common Stock (15)               197 D  
Common Stock (16)               1,101 D  
Common Stock (17)               579 I Spouse
Common Stock (18)               592 I Spouse
Common Stock (19)               409 D  
Common Stock               10,437 D  
Common Stock               3,859 I Spouse
Common Stock               274 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 5/15/19 RSU Time-Based Grant. Shares vest evenly over 5 years
2. Shares used for taxes on vested shares
3. 5/15/20 RSU Time-Based Grant. Shares vest evenly over 3 years.
4. 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.
5. 2/15/18 PSU Grant that cliff vests on 2/16/21 based on 2020 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/16/21.
6. 2/15/19 PSU Grant that cliff vests on 2/15/22 based on 2021 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/15/22.
7. 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years
8. 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years
9. 5/2/18 RSU time based grant. Shares vest evenly over 3 years
10. 6/1/20 RSU Time-Based Grant. Shares vest evenly over 3 years.
11. 2/15/18 RSU time-based grant. Shares vest evenly over 3 years.
12. 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years
13. 2/16/21 RSU Time-Based Grant. Shares vest evenly over 3 years.
14. 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years
15. 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.
16. RSU time-based grant. Shares vest evenly over 3 years
17. RSU grant; 3-year time-based vesting, in which 1/3 will vest each year.
18. 5/2/17 RSU Time-Based Grant. Shares vest evenly over 3 years
19. RSUs time-based; granted 2/17/15
/s/ Stacey Rocha, attorney-in-fact for Arnold D. Martines 05/18/2022
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Central Pacific Financial Corp.
Power of Attorney

(To execute Forms 3, 4 and 5 of the United States Securities and Exchange
Commission for the purposes of reporting pursuant to and under Section 16(a)
of the Securities and Exchange Act of 1934 and related Rule 16a-3 and other
related Rules and Regulations of the United States Securities and Exchange
Commission.)

The undersigned hereby constitutes and appoints, effective as of the date of
the undersigned?s signature below, all Central Pacific Bank Human Resources
Division management and staff, as the undersigned?s true and lawful
attorneys-in-fact to do the following:

A. To execute for and on behalf of the undersigned, Forms 3, 4 and 5 of the
United States Securities and Exchange Commission for the purposes of
reporting pursuant to and under Section 16(a) of the Securities and Exchange
Act of 1934 and related Rule 16a-3 and other related Rules and Regulations of
the United State Securities and Exchange Commission.

B. To do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete the execution of any such
Form 3, 4 and 5 and the timely filing of any such Form with the United States
Securities and Exchange Commission and any other authority.

C. To take any other action of any type whatsoever in connection with the
foregoing which, in the opinion and/or judgment of such attorney-in-fact, may
be of benefit to, in the best interest of, or legally required by, the
undersigned, it being understood the documents executed by such attorney-in-
fact on behalf of the undersigned pursuant to this Power of Attorney shall be
in such form and shall contain such terms and conditions as such attorney-in-
fact may approve in his discretion.

D. To do and perform all and every act and thing whatsoever requisite,
necessary and proper to be done in the exercise of any of the rights and
powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, hereby ratifying and
confirming all that such attorney-in-fact shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted.

Each attorney-in-fact hereunder shall have full power and authority under
this Power of Attorney, and all acts authorized to be taken by the attorneys-
in-fact hereunder may be taken by any one attorney-in-fact.

The undersigned acknowledges that Central Pacific Financial Corp. and the
attorneys-in-fact who are serving hereunder for the benefit of the
undersigned, are not assuming any of the undersigned?s responsibilities to
comply with Section 16 of the Securities Exchange Act of 1934 or any other
securities laws, rules or regulations that the undersigned is required to
comply with.

/s/Arnold D. Martines					Date:  05/16/14
Signature

Arnold D. Martines
Print Name

State of Hawaii
City & County of Honolulu

On this 16th day of May, 2014, before me personally appeared Arnold D.
Martines, to me known to be the person described in and who executed the
foregoing instrument and acknowledged that he executed the same as
his free act and deed.

Tyler Y. Takahata
Notary Public, State of Hawaii
Commission expires:  8/08/2016



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings