4/A//SEC Filing
CENTRAL PACIFIC FINANCIAL CORP 4/A
Accession 0001127602-15-012855
$CPFCIK 0000701347operating
Filed
Mar 29, 8:00 PM ET
Accepted
Mar 30, 9:22 PM ET
Size
16.7 KB
Accession
0001127602-15-012855
Insider Transaction Report
Form 4/AAmended
Transactions
- Exercise/Conversion
Restricted Stock Unit
2015-03-02−4,413→ 6,497 totalExercise: $0.00→ Common Stock (4,413 underlying) - Tax Payment
Common Stock
2015-03-02$22.98/sh−2,217$50,947→ 3,681 total(indirect: Raymond W Wilson and Cynthia L Wilson JWTROS) - Tax Payment
Common Stock
2015-03-02$22.98/sh−1,297$29,805→ 12,978 total - Exercise/Conversion
Common Stock
2015-03-02$22.98/sh+4,413$101,411→ 8,094 total(indirect: Raymond W Wilson and Cynthia L Wilson JWTROS)
Holdings
- 6,120
Common Stock
- 1,839
Common Stock
- 5,518
Common Stock
Footnotes (8)
- [F1]Shares exercised related to vesting from 2/28/13 grant
- [F2]PSUs (Two-thirds of 02/28/14 performance award grant): Based on attainment of 90% (threshold) of Board approved 2014 Target Net Income of $40.05 million. If threshold is not achieved, all shares will be forfeited. If threshold is achieved, the first tranche will vest in 2015; followed by the second and third tranches in 2016 and 2017 respectively. Vesting in 2016 is conditioned on the Company achieving a net income of at least $30 million in 2015. Likewise, vesting in 2017 is conditioned on the Company achieving a net income of at least $30 million in 2016. Actual shares earned will be based on 2014 Target Net Income results, with a Stretch Opportunity from 90% of Target up to 200% (cap). 1/3 of each portion will vest equally over the next 3 years.
- [F3]RSUs (one-third of 2/28/14 grant) Time Based, whereby shares vest in equal increments over 3 years.
- [F4]Shares exercised related to vesting from 2/28/14 grant
- [F5]RSUs performance-based, granted 2/17/15 reported at maximum number of shares to vest. Actual number of shares to vest based on performance results
- [F6]RSUs time-based; granted 2/17/15
- [F7]3 year step vest starting 2/28/2014
- [F8]No expiration unless forfeited before vest.
Issuer
CENTRAL PACIFIC FINANCIAL CORP
CIK 0000701347
Entity typeoperating
IncorporatedHI
Related Parties
1- filerCIK 0000701347
Filing Metadata
- Form type
- 4/A
- Filed
- Mar 29, 8:00 PM ET
- Accepted
- Mar 30, 9:22 PM ET
- Size
- 16.7 KB