SEC Form 4 · accession 0001127602-16-044340
CENTRAL PACIFIC FINANCIAL CORP · CPF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C Dean
Officer — Executive Chair · Director
Period of report
Feb 29, 2016
Accepted (ET)
Mar 1, 2016 · 8:43 pm EST
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 | Feb 29, 2016 | M | 6,135 | $0.00 | A | 104,281 | I | The John C Dean Rev Trust |
| Common Stock | Feb 29, 2016 | M | 2,324 | $0.00 | A | 106,605 | I | The John C Dean Rev Trust |
| Common Stock | Feb 29, 2016 | F | 3,118 | $19.93 | D | 103,487 | I | The John C Dean Rev Trust |
| Common StockF2 | Feb 29, 2016 | F | 1,287 | $19.93 | D | 19,653 | D | |
| Common StockF4 | Feb 29, 2016 | F | 641 | $19.93 | D | 4,065 | D | |
| Common Stock | holding | — | — | — | 100,000 | I | MSSB C/F John C. Dean Roth Converted IRA 112-156064-086 | |
| Common StockF6 | holding | — | — | — | 8,122 | D | ||
| Common StockF7 | 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 UnitF8 | $0.00 | Feb 29, 2016 | M | 6,135 | D | Feb 28, 2014 | Feb 29, 2016 | Common Stock | 6,135 | 12,271 | D |
| Restricted Stock UnitF9,F10 | $0.00 | Feb 29, 2016 | M | 2,324 | D | — | — | Common Stock | 2,324 | 10,132 | D |
Explanation of responses
- F1Shares exercised to cover taxes related to vesting from 2/28/13 RSU & PSU grant
- F10Only expires if terminated before vest date
- F2RSU performance-based grant 2/28/14
- F3Shares exercised to cover taxes related to vesting from 2/28/14 PSU grant
- F4RSU time-based grant 2/28/14
- F5Shares exercised to cover taxes related to vesting from 2/28/14 RSU grant
- F6RSUs performance-based, granted 2/17/15 reported at maximum number of shares to vest. Actual number of shares to vest based on performance results
- F7RSUs time-based; granted 2/17/15
- F8RSUs 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.
- F93 year step vest starting 2/28/2014