Statement of Changes in Beneficial Ownership (4)
May 18 2022 - 2:57PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Morimoto David |
2. Issuer Name and Ticker or Trading Symbol
CENTRAL PACIFIC FINANCIAL CORP
[
CPF
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Senior EVP, CFO |
(Last)
(First)
(Middle)
220 SOUTH KING ST |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/16/2022 |
(Street)
HONOLULU, HI 96813
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock (1) | 5/16/2022 | | F(2) | | 229 | D | $23.64 | 1672 | D | |
Common Stock (3) | | | | | | | | 1766 | D | |
Common Stock (4) | | | | | | | | 1909 | D | |
Common Stock (5) | | | | | | | | 859 | D | |
Common Stock | | | | | | | | 2377 | D | |
Common Stock (6) | | | | | | | | 865 | D | |
Common Stock (7) | | | | | | | | 1252 | D | |
Common Stock (8) | | | | | | | | 1711 | D | |
Common Stock (9) | | | | | | | | 984 | D | |
Common Stock (10) | | | | | | | | 5283 | D | |
Common Stock (11) | | | | | | | | 7392 | D | |
Common Stock (11) | | | | | | | | 4518 | D | |
Common Stock (12) | | | | | | | | 869 | D | |
Common Stock (13) | | | | | | | | 939 | D | |
Common Stock (14) | | | | | | | | 1582 | D | |
Common Stock | | | | | | | | 255 | D | |
Common Stock | | | | | | | | 4405 | D | |
Common Stock | | | | | | | | 2399 | D | |
Common Stock (15) | | | | | | | | 455 | D | |
Common Stock (16) | | | | | | | | 2586 | D | |
Common Stock (17) | | | | | | | | 1949 | D | |
Common Stock (18) | | | | | | | | 3575 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | 5/15/20 RSU Time-Based Grant. Shares vest evenly over 3 years. |
(2) | Shares used for taxes on vested shares |
(3) | 2/15/17 PSU Grant that cliff vests on 2/18/20 based on 2019 year-end performance results. Amount reported is actual number of shares that vested and were issued on 2/18/20. |
(4) | 2/15/18 PSU Grant that cliff vests on 2/16/21 based on 2020 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/16/21. |
(5) | 2/15/19 PSU Grant that cliff vests on 2/15/22 based on 2021 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/15/22. |
(6) | 2/17/15 PSU Grant. Shares to vest on 2/15/18, based on performance criteria results. |
(7) | 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years |
(8) | 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years |
(9) | 2/15/18 RSU time-based grant. Shares vest evenly over 3 years. |
(10) | 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years |
(11) | 2/16/21 RSU Time-Based Grant. Shares vest evenly over 3 years. |
(12) | 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years |
(13) | 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years. |
(14) | RSU time-based grant. Shares vest evenly over 3 years |
(15) | RSU time-based grant 2/15/15. Vesting schedule: 243-2/15/16; 242-2/15/17; 243-2/15/18 |
(16) | RSU time-based grant 5/15/14. Outstanding balance as of 7/1/15. Vesting schedule: 1,000-5/15/16; 1,000-5/15/17; 1,000-5/15/18; 1,000-5/15/19 |
(17) | RSU time-based grant 5/2/11. Outstanding balance as of 7/1/15. 3,710 shares to vest on 5/2/16 |
(18) | RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Morimoto David 220 SOUTH KING ST HONOLULU, HI 96813 |
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| Senior EVP, CFO |
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Signatures
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/s/ Stacey Rocha, attorney-in-fact for David Morimoto | | 5/18/2022 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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