SEC Form 4 · accession 0001127602-16-044361
CENTRAL PACIFIC FINANCIAL CORP · CPF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Agnes Catherine Ngo
Officer — President & CEO · Director
Period of report
Feb 29, 2016
Accepted (ET)
Mar 1, 2016 · 9:50 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 | 3,200 | $0.00 | A | 72,422 | I | Co-Trustee of Hines & Ngo 2000 Family Trust dtd 4/18/00 |
| Common Stock | Feb 29, 2016 | M | 1,212 | $0.00 | A | 73,634 | I | Co-Trustee of Hines & Ngo 2000 Family Trust dtd 4/18/00 |
| Common Stock | holding | — | — | — | 5,886 | I | CPF Foundation | |
| Common StockF1 | holding | — | — | — | 8,122 | D | ||
| Common StockF2 | holding | — | — | — | 4,924 | D | ||
| Common StockF3 | holding | — | — | — | 2,706 | D | ||
| Common Stock | holding | — | — | — | 9,480 | D | ||
| Common StockF4 | holding | — | — | — | 5,767 | D | ||
| Common Stock | holding | — | — | — | 2,714 | I | Robert Hines IRA | |
| Common StockF5 | holding | — | — | — | 2,855 | D | ||
| Common StockF6 | holding | — | — | — | 13,227 | 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 UnitF7 | $0.00 | Feb 29, 2016 | M | 3,200 | D | Feb 28, 2014 | Feb 29, 2016 | Common Stock | 3,200 | 6,401 | D |
| Restricted Stock UnitF8,F9 | $0.00 | Feb 29, 2016 | M | 1,212 | D | — | — | Common Stock | 1,212 | 5,285 | D |
Explanation of responses
- F1RSUs performance-based, granted 2/17/15 reported at maximum number of shares to vest. Actual number of shares to vest based on performance results
- F22/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.
- F3RSUs time-based; granted 2/17/15
- F4RSUs performance-based were originally filed on 3/4/2014 at the maximum performance criteria. This supplements that filing to note the actual number shares that vested based on the performance results.
- F5RSUs time-based originally filed on 3/4/2014 were reported with RSUs performance-based and combined into one holding. This clarifies that filing and creates a separate holding for the RSUs time-based only.
- F6RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.
- F7RSUs 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.
- F83 year step vest starting 2/28/2014
- F9No expiration unless forfeited before vest.