SEC Form 4 · accession 0001127602-16-061274
CENTRAL PACIFIC FINANCIAL CORP · CPF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lance A. Mizumoto
Officer — President & CBO · Director
Period of report
Aug 26, 2016
Accepted (ET)
Aug 26, 2016 · 7:47 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 StockF1 | Aug 26, 2016 | M | 27,952 | $14.31 | A | 69,427 | D | |
| Common StockF2 | Aug 26, 2016 | S | 19,950 | $25.25 | D | 49,477 | D | |
| Common StockF3 | holding | — | — | — | 8,122 | D | ||
| Common StockF4 | holding | — | — | — | 3,574 | D | ||
| Common StockF5 | holding | — | — | — | 2,304 | D | ||
| Common StockF6 | holding | — | — | — | 4,645 | D | ||
| Common StockF7 | holding | — | — | — | 2,340 | D | ||
| Common StockF8 | holding | — | — | — | 6,031 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF1 | $14.31 | Aug 26, 2016 | M | 27,952 | D | May 2, 2013 | May 2, 2017 | Common Stock | 27,952 | 6,988 | D |
Explanation of responses
- F1Vested ISOs exercised
- F2Cashless exercise
- 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
- F42/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.
- F5RSUs time-based; granted 2/17/15
- F6RSUs performance-based granted 2/28/14
- F7RSU time-based granted 2/28/14
- F8RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.