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*
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)
Executive Vice President
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2021
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) 03/15/2021 F(2) 209 D $26.35 1,280 D
Common Stock(3) 982 D
Common Stock(4) 1,113 D
Common Stock(5) 2,009 D
Common Stock(6) 836 D
Common Stock(7) 1,768 D
Common Stock(8) 4,077 D
Common Stock(9) 3,551 D
Common Stock(10) 886 I Spouse
Common Stock(11) 375 I Spouse
Common Stock(12) 370 D
Common Stock(13) 8,283 D
Common Stock(13) 4,936 D
Common Stock(14) 170 D
Common Stock(15) 197 D
Common Stock(16) 579 I Spouse
Common Stock(17) 592 I Spouse
Common Stock(18) 409 D
Common Stock 10,437 D
Common Stock 3,859 I Spouse
Common Stock 1,113 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. RSU time-based grant. Shares vest evenly over 3 years
2. Shares used for 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. 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.
5. RSUs time-based grant 11/15/16; 5-year step vesting
6. 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years
7. 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years
8. 5/15/19 RSU Time-Based Grant. Shares vest evenly over 5 years
9. 5/15/20 RSU Time-Based Grant. Shares vest evenly over 3 years.
10. 5/2/18 RSU time based grant. Shares vest evenly over 3 years
11. 6/1/20 RSU Time-Based Grant. Shares vest evenly over 3 years.
12. 2/15/18 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 grant; 3-year time-based vesting, in which 1/3 will vest each year.
17. 5/2/17 RSU Time-Based Grant. Shares vest evenly over 3 years
18. RSUs time-based; granted 2/17/15
/s/ Sherilyn Braunthal, attorney-in-fact for Arnold D. Martines 03/16/2021
** 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.