X0306 4 2015-05-04 0000701347 CENTRAL PACIFIC FINANCIAL CORP CPF 0001183212 ISONO DENIS 220 S. KING ST HONOLULU HI 96813 1 EVP & CFO Common Stock 2015-05-04 4 M 0 1863 22.99 A 14037 I Denis Ken Isono and Ella Saiki Isono JT TEN Common Stock 2015-05-04 4 M 0 19343 22.99 A 33380 I Denis Ken Isono and Ella Saiki Isono JT TEN Common Stock 2015-05-04 4 F 0 370 22.99 D 33010 I Denis Ken Isono and Ella Saiki Isono JT TEN Common Stock 2015-05-04 4 F 0 3841 22.99 D 29169 I Denis Ken Isono and Ella Saiki Isono JT TEN Common Stock 5886 I CPB Foundation Common Stock 272 I Cpf 401k Plan Common Stock 2000 I Denis & Ella Isono Jt Ten w/right of survivorship Common Stock 2927 I Denis Ken Isono and Ella Saiki Isono JT TEN Common Stock 30 I Travis Isono And Ella Isono Jt Ten (son And Wife) Common Stock 18 I Tyler Isono And Ella Isono Jt Ten (son And Wife) Common Stock 11723 I Denis Isono And Ella Isono (jt With Wife) Common Stock 6967 D Common Stock 13790 D Common Stock 4498 D Common Stock 1499 D Restricted Stock Unit 0 2015-05-04 4 M 0 1863 0 D 2013-05-02 2017-05-02 Common Stock 1863 26089 D Restricted Stock Unit 0 2015-05-04 4 M 0 19343 0 D 2013-05-02 2017-05-02 Common Stock 19343 6746 D PSUs vested at 1.73X target. 1st tranche = 60% PSUs (Two-thirds of 02/28/14 performance award grant): Based on attainment of 90% (threshold) of Board approved 2014 Target Net Income of $40.05 million. If threshold is not achieved, all shares will be forfeited. If threshold is achieved, the first tranche will vest in 2015; followed by the second and third tranches in 2016 and 2017 respectively. Vesting in 2016 is conditioned on the Company achieving a net income of at least $30 million in 2015. Likewise, vesting in 2017 is conditioned on the Company achieving a net income of at least $30 million in 2016. Actual shares earned will be based on 2014 Target Net Income results, with a Stretch Opportunity from 90% of Target up to 200% (cap). 1/3 of each portion will vest equally over the next 3 years. RSUs (one-third of 2/28/14 grant) Time Based, whereby shares vest in equal increments over 3 years. 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 RSUs time-based; granted 2/17/15 /s/ Patricia Foley, attorney-in-fact for Mr. Denis Isono 2015-05-05