X0306 4 2015-06-04 1 0000701347 CENTRAL PACIFIC FINANCIAL CORP CPF 0001300711 Anchorage Advisors Management, LLC 610 BROADWAY, 6TH FLOOR NEW YORK NY 10012 0 0 1 0 0001300714 Anchorage Capital Group, L.L.C. 610 BROADWAY, 6TH FLOOR NEW YORK NY 10012 0 0 1 0 0001300650 Davis Anthony Lynn 610 BROADWAY, 6TH FLOOR NEW YORK NY 10012 0 0 1 0 0001300710 Ulrich Kevin Michael 610 BROADWAY, 6TH FLOOR NEW YORK NY 10012 0 0 1 0 Common Stock, no par value per share 2015-06-04 4 S 0 1500000 22.15 D 2769312 D These shares of the issuer's common stock, no par value, are held for the account of ACMO-CPF, L.L.C., a Delaware limited liability company. On June 4, 2015, ACMO-CPF, L.L.C. entered into an underwriting agreement (the "Underwriting Agreement") with Citigroup Global Markets Inc., as sole underwriter (the "Underwriter"), Central Pacific Financial Corp. and Carlyle Financial Services Harbor, L.P. Pursuant to the Underwriting Agreement, ACMO-CPF, L.L.C. agreed, subject to the closing conditions contained therein, to sell to the Underwriter 1,500,000 shares of common stock at a price of $22.15 per share of common stock. Accordingly, as a result of such sale, ACMO-CPF, L.L.C. will beneficially own approximately 8.8% of the shares of common stock. This percentage is calculated based on 31,558,913 shares of common stock issued and outstanding as of June 1, 2015, as disclosed in the prospectus supplement filed by Central Pacific Financial Corp. pursuant to Rule 424(b)(3) with the SEC on June 4, 2015. Anchorage Advisors Management, L.L.C. is the sole managing member of Anchorage Capital Group, L.L.C., the investment advisor to Anchorage Capital Master Offshore, Ltd., the sole member of ACMO-CPF, L.L.C. Mr. Davis is the President of Anchorage Capital Group, L.L.C. and a managing member of Anchorage Advisors Management, L.L.C. Mr. Ulrich is the Chief Executive Officer of Anchorage Capital Group, L.L.C. and the other managing member of Anchorage Advisors Management, L.L.C. Each reporting person disclaims beneficial ownership of the reported securities except to the extent, if any, of its or his pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Anchorage Capital Group, L.L.C., By: /s/ Kevin M. Ulrich, Chief Executive Officer 2015-06-08 Anchorage Advisors Management, L.L.C., By: /s/ Kevin M. Ulrich, Senior Managing Member 2015-06-08 /s/ Anthony L. Davis 2015-06-08 /s/ Kevin M. Ulrich 2015-06-08