X0306 4 2016-02-29 0000701347 CENTRAL PACIFIC FINANCIAL CORP CPF 0001515661 Hudson David William 220 S KING ST., 22ND FLOOR HONOLULU HI 96813 1 EVP Common Stock 2016-02-29 4 M 0 2083 0 A 33507 I David Hudson and Dana Kokubun Trust dated 2/3/99 Common Stock 2016-02-29 4 M 0 789 0 A 34296 I David Hudson and Dana Kokubun Trust dated 2/3/99 Common Stock 2016-02-29 4 F 0 1325 19.93 D 32971 I David Hudson and Dana Kokubun Trust dated 2/3/99 Common Stock 2016-02-29 4 F 0 567 19.93 D 2677 D Common Stock 2016-02-29 4 F 0 203 19.93 D 1338 D Common Stock 3207 D Common Stock 1304 D Common Stock 947 D Restricted Stock Unit 0 2016-02-29 4 M 0 2083 0 D 2014-02-28 2016-02-29 Common Stock 2083 4166 D Restricted Stock Unit 0 2016-02-29 4 M 0 789 0 D Common Stock 789 3441 D Shares exercised to cover taxes related to vesting from 2/28/13 RSU & PSU grant RSU performance-based grant 2/28/14 Shares exercised to cover taxes related to vesting from 2/28/14 PSU grant RSU time-based grant 2/28/14 Shares exercised to cover taxes related to vesting from 2/28/14 RSU grant 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 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years. RSUs time-based; granted 2/17/15 RSUs performance-based originally filed on 3/1/13 at 100% (target) performance criteria. This supplements that filing to note the actual number of shares vested based on performance results. 3 year step vest starting 2/28/2014 Does not expire unless employment is terminated before shares vest. /s/ Patricia Foley, attorney-in-fact for David W. Hudson 2016-03-01