CENTRAL PACIFIC FINANCIAL CORP 4

Accession 0001127602-15-016408

$CPFCIK 0000701347operating

View on SEC.gov Company Profile

Filed

May 4, 8:00 PM ET

Accepted

May 5, 7:37 PM ET

Size

31.2 KB

Accession

0001127602-15-016408

Insider Transaction Report

Form 4

Period: 2015-05-04

CENTRAL PACIFIC FINANCIAL CORPCPF

Wilson Raymond William

CCO

Transactions

Exercise/Conversion
Common Stock
2015-05-04$22.99/sh+225$5,173→ 26,875 total(indirect: Raymond W Wilson and Cynthia L Wilson JWTROS)
Exercise/Conversion
Common Stock
2015-05-04$22.99/sh+2,343$53,866→ 29,218 total(indirect: Raymond W Wilson and Cynthia L Wilson JWTROS)
Exercise/Conversion
Restricted Stock Unit
2015-05-04−1,630→ 26,213 total
Exercise: $0.00From: 2013-05-02Exp: 2017-05-02→ Common Stock (1,630 underlying)
Exercise/Conversion
Restricted Stock Unit
2015-05-04−16,926→ 9,287 total
Exercise: $0.00From: 2013-05-02Exp: 2017-05-02→ Common Stock (16,926 underlying)
Exercise/Conversion
Restricted Stock Unit
2015-05-04−2,343→ 6,719 total
Exercise: $0.00From: 2013-05-02Exp: 2017-05-02→ Common Stock (2,343 underlying)
Exercise/Conversion
Common Stock
2015-05-04$22.99/sh+1,630$37,474→ 9,724 total(indirect: Raymond W Wilson and Cynthia L Wilson JWTROS)
Tax Payment
Common Stock
2015-05-04$22.99/sh−8,178$188,012→ 20,086 total(indirect: Raymond W Wilson and Cynthia L Wilson JWTROS)
Tax Payment
Common Stock
2015-05-04$22.99/sh−123$2,828→ 19,963 total(indirect: Raymond W Wilson and Cynthia L Wilson JWTROS)
Exercise/Conversion
Restricted Stock Unit
2015-05-04−225→ 9,062 total
Exercise: $0.00From: 2013-05-02Exp: 2017-05-02→ Common Stock (225 underlying)
Exercise/Conversion
Common Stock
2015-05-04$22.99/sh+16,926$389,129→ 26,650 total(indirect: Raymond W Wilson and Cynthia L Wilson JWTROS)
Tax Payment
Common Stock
2015-05-04$22.99/sh−1,039$23,887→ 18,924 total(indirect: Raymond W Wilson and Cynthia L Wilson JWTROS)
Tax Payment
Common Stock
2015-05-04$22.99/sh−954$21,932→ 28,264 total(indirect: Raymond W Wilson and Cynthia L Wilson JWTROS)

Holdings

Common Stock
6,120
Common Stock
5,518
Common Stock
1,839
Common Stock
12,978

Footnotes (5)

[F1]PSUs vested at 1.73X target. 1st tranche = 60%
[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]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
[F5]RSUs time-based; granted 2/17/15

Documents

2 files

Issuer

CENTRAL PACIFIC FINANCIAL CORP

CIK 0000701347

→

Entity typeoperating

IncorporatedHI

Related Parties

filerCIK 0000701347

Filing Metadata

Form type: 4
Filed: May 4, 8:00 PM ET
Accepted: May 5, 7:37 PM ET
Size: 31.2 KB

View on SEC.gov