SEC Form 4 · accession 0001127602-16-044359
CENTRAL PACIFIC FINANCIAL CORP · CPF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David William Hudson
Officer — EVP
Period of report
Feb 29, 2016
Accepted (ET)
Mar 1, 2016 · 9:18 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 | 2,083 | $0.00 | A | 33,507 | I | David Hudson and Dana Kokubun Trust dated 2/3/99 |
| Common Stock | Feb 29, 2016 | M | 789 | $0.00 | A | 34,296 | I | David Hudson and Dana Kokubun Trust dated 2/3/99 |
| Common Stock | Feb 29, 2016 | F | 1,325 | $19.93 | D | 32,971 | I | David Hudson and Dana Kokubun Trust dated 2/3/99 |
| Common StockF2 | Feb 29, 2016 | F | 567 | $19.93 | D | 2,677 | D | |
| Common StockF4 | Feb 29, 2016 | F | 203 | $19.93 | D | 1,338 | D | |
| Common StockF6 | holding | — | — | — | 3,207 | D | ||
| Common StockF7 | holding | — | — | — | 1,304 | D | ||
| Common StockF8 | holding | — | — | — | 947 | 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 UnitF9 | $0.00 | Feb 29, 2016 | M | 2,083 | D | Feb 28, 2014 | Feb 29, 2016 | Common Stock | 2,083 | 4,166 | D |
| Restricted Stock UnitF10,F11 | $0.00 | Feb 29, 2016 | M | 789 | D | — | — | Common Stock | 789 | 3,441 | D |
Explanation of responses
- F1Shares exercised to cover taxes related to vesting from 2/28/13 RSU & PSU grant
- F103 year step vest starting 2/28/2014
- F11Does not expire unless employment is terminated before shares vest.
- 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
- F72/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.
- F8RSUs time-based; granted 2/17/15
- F9RSUs 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.