FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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
                      

1. Name and Address of Reporting Person *

Martines Arnold D
2. Issuer Name and Ticker or Trading Symbol

CENTRAL PACIFIC FINANCIAL CORP [ CPF ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President & COO
(Last)          (First)          (Middle)

220 SOUTH KING ST
3. Date of Earliest Transaction (MM/DD/YYYY)

6/1/2022
(Street)

HONOLULU, HI 96813
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock (1)6/1/2022  F(2)  47 D$24.00 281 I Spouse 
Common Stock (3)        982 D  
Common Stock (4)        1113 D  
Common Stock (5)        491 D  
Common Stock (6)        696 D  
Common Stock (7)        1514 D  
Common Stock (8)        3514 D  
Common Stock (9)        2787 D  
Common Stock (10)        738 I Spouse 
Common Stock (11)        370 D  
Common Stock (12)        5975 D  
Common Stock (13)        7412 D  
Common Stock (13)        4372 D  
Common Stock (14)        170 D  
Common Stock (15)        197 D  
Common Stock (16)        1101 D  
Common Stock (17)        579 I Spouse 
Common Stock (18)        592 I Spouse 
Common Stock (19)        409 D  
Common Stock         10437 D  
Common Stock         3859 I Spouse 
Common Stock         274 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) 6/1/20 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) 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years
(7) 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years
(8) 5/15/19 RSU Time-Based Grant. Shares vest evenly over 5 years
(9) 5/15/20 RSU Time-Based Grant. Shares vest evenly over 3 years.
(10) 5/2/18 RSU time based grant. Shares vest evenly over 3 years
(11) 2/15/18 RSU time-based grant. Shares vest evenly over 3 years.
(12) 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years
(13) 2/16/21 RSU Time-Based Grant. Shares vest evenly over 3 years.
(14) 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years
(15) 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.
(16) RSU time-based grant. Shares vest evenly over 3 years
(17) RSU grant; 3-year time-based vesting, in which 1/3 will vest each year.
(18) 5/2/17 RSU Time-Based Grant. Shares vest evenly over 3 years
(19) RSUs time-based; granted 2/17/15

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Martines Arnold D
220 SOUTH KING ST
HONOLULU, HI 96813


President & COO

Signatures
/s/ Sherilyn Braunthal, attorney-in-fact for Arnold D. Martines6/2/2022
**Signature of Reporting PersonDate


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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