SEC Form 4 · accession 0001127602-15-016394
CENTRAL PACIFIC FINANCIAL CORP · CPF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lance A. Mizumoto
Officer — President & CBO
Period of report
May 4, 2015
Accepted (ET)
May 5, 2015 · 7:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000701347
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 4, 2015 | M | 2,096 | $22.99 | A | 14,291 | D | |
| Common StockF1 | May 4, 2015 | M | 21,761 | $22.99 | A | 36,052 | D | |
| Common Stock | May 4, 2015 | M | 225 | $22.99 | A | 36,277 | D | |
| Common StockF1 | May 4, 2015 | M | 2,343 | $22.99 | A | 38,620 | D | |
| Common Stock | May 4, 2015 | F | 1,234 | $22.99 | D | 37,386 | D | |
| Common Stock | May 4, 2015 | F | 10,575 | $22.99 | D | 26,811 | D | |
| Common StockF2 | holding | — | — | — | 25,267 | D | ||
| Common StockF3 | holding | — | — | — | 8,122 | D | ||
| Common StockF4 | holding | — | — | — | 2,706 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit | $0.00 | May 4, 2015 | M | 2,096 | D | May 2, 2013 | May 2, 2017 | Common Stock | 2,096 | 32,735 | D |
| Restricted Stock UnitF1 | $0.00 | May 4, 2015 | M | 21,761 | D | May 2, 2013 | May 2, 2017 | Common Stock | 21,761 | 10,974 | D |
| Restricted Stock Unit | $0.00 | May 4, 2015 | M | 225 | D | May 2, 2013 | May 2, 2017 | Common Stock | 225 | 10,749 | D |
| Restricted Stock UnitF1 | $0.00 | May 4, 2015 | M | 2,343 | D | May 2, 2013 | May 2, 2017 | Common Stock | 2,343 | 8,406 | D |
Explanation of responses
- F1PSUs vested at 1.73X target. 1st tranche = 60%
- F2Includes Common Stock and RSUs (performance & time) from 2/28/14 grant
- F3RSUs performance-based, granted 2/17/15 reported at maximum number of shares to vest. Actual number of shares to vest based on performance results
- F4RSUs time-based; granted 2/17/15