<SEC-DOCUMENT>0001127602-15-016408.txt : 20150505
<SEC-HEADER>0001127602-15-016408.hdr.sgml : 20150505
<ACCEPTANCE-DATETIME>20150505193758
ACCESSION NUMBER:		0001127602-15-016408
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150504
FILED AS OF DATE:		20150505
DATE AS OF CHANGE:		20150505

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENTRAL PACIFIC FINANCIAL CORP
		CENTRAL INDEX KEY:			0000701347
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				990212597
		STATE OF INCORPORATION:			HI
		FISCAL YEAR END:			0125

	BUSINESS ADDRESS:	
		STREET 1:		220 S KING ST
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96813
		BUSINESS PHONE:		8085440500

	MAIL ADDRESS:	
		STREET 1:		P O BOX 3590
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96811

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CPB INC
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Wilson Raymond William
		CENTRAL INDEX KEY:			0001480079

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31567
		FILM NUMBER:		15834732

	MAIL ADDRESS:	
		STREET 1:		711, 675 W. HASTINGS STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6B 1N2
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2015-05-04</periodOfReport>

    <issuer>
        <issuerCik>0000701347</issuerCik>
        <issuerName>CENTRAL PACIFIC FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>CPF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001480079</rptOwnerCik>
            <rptOwnerName>Wilson Raymond William</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>220 S KING ST</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HONOLULU</rptOwnerCity>
            <rptOwnerState>HI</rptOwnerState>
            <rptOwnerZipCode>96813</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>1</isOfficer>
            <officerTitle>EVP &amp; CRO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
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            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
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                <value>2015-05-04</value>
            </transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
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                <transactionShares>
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                </transactionShares>
                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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                <natureOfOwnership>
                    <value>Raymond W Wilson and Cynthia L Wilson JWTROS</value>
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                <value>Common Stock</value>
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                <transactionAcquiredDisposedCode>
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            <securityTitle>
                <value>Common Stock</value>
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                <transactionShares>
                    <value>954</value>
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                <transactionPricePerShare>
                    <value>22.99</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>28264</value>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                    <value>Raymond W Wilson and Cynthia L Wilson JWTROS</value>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
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            <transactionDate>
                <value>2015-05-04</value>
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                <transactionCode>F</transactionCode>
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                <transactionShares>
                    <value>8178</value>
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                <transactionPricePerShare>
                    <value>22.99</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
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                <sharesOwnedFollowingTransaction>
                    <value>20086</value>
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                    <value>I</value>
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                    <value>Raymond W Wilson and Cynthia L Wilson JWTROS</value>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
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                <value>2015-05-04</value>
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                <transactionCode>F</transactionCode>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>123</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>22.99</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>19963</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>Raymond W Wilson and Cynthia L Wilson JWTROS</value>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
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            <transactionDate>
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                <transactionShares>
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                <transactionPricePerShare>
                    <value>22.99</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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                <natureOfOwnership>
                    <value>Raymond W Wilson and Cynthia L Wilson JWTROS</value>
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        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
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            <postTransactionAmounts>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
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            <postTransactionAmounts>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F4"/>
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        <nonDerivativeHolding>
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                <footnoteId id="F5"/>
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                <sharesOwnedFollowingTransaction>
                    <value>1839</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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    <derivativeTable>
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            <securityTitle>
                <value>Restricted Stock Unit</value>
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            <conversionOrExercisePrice>
                <value>0</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2015-05-04</value>
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            <transactionCoding>
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                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>1630</value>
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                <transactionPricePerShare>
                    <value>0</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2013-05-02</value>
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            <expirationDate>
                <value>2017-05-02</value>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                <underlyingSecurityShares>
                    <value>1630</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>26213</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Unit</value>
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            <conversionOrExercisePrice>
                <value>0</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2015-05-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>16926</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2013-05-02</value>
            </exerciseDate>
            <expirationDate>
                <value>2017-05-02</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                <underlyingSecurityShares>
                    <value>16926</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9287</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Unit</value>
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            <conversionOrExercisePrice>
                <value>0</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2015-05-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>225</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2013-05-02</value>
            </exerciseDate>
            <expirationDate>
                <value>2017-05-02</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>225</value>
                </underlyingSecurityShares>
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                <sharesOwnedFollowingTransaction>
                    <value>9062</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Unit</value>
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            <conversionOrExercisePrice>
                <value>0</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2015-05-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>2343</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2013-05-02</value>
            </exerciseDate>
            <expirationDate>
                <value>2017-05-02</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                <underlyingSecurityShares>
                    <value>2343</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6719</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">PSUs vested at 1.73X target. 1st tranche = 60%</footnote>
        <footnote id="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.</footnote>
        <footnote id="F3">RSUs (one-third of 2/28/14 grant) Time Based, whereby shares vest in equal increments over 3 years.</footnote>
        <footnote id="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</footnote>
        <footnote id="F5">RSUs time-based; granted 2/17/15</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Patricia Foley, attorney-in-fact for Mr. Raymond William Wilson</signatureName>
        <signatureDate>2015-05-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>doc1.txt
<DESCRIPTION>POWER OF ATTORNEY (PUBLIC): WILSON POA
<TEXT>
Central Pacific Financial Corp.
Power of Attorney

(To execute Forms 3, 4 and 5 of the United States
Securities and Exchange Commission for the purposes
of reporting pursuant to and under Section 16(a) of the
Securities and Exchange Act of 1934 and related Rule
16a-3 and other related Rules and Regulations of the
United States Securities and Exchange Commission.)

The undersigned hereby constitutes and appoints, effective
as of the date of the undersigneds signature below, the
Executive Chairman, the Chief Executive Officer, the
President, the Chief Financial Officer, the General Counsel
 & Corporate Secretary, the Controller, the Director of
Human Resources Operations, and Diane Nakasone
(Sr. Regulatory Officer), of Central Pacific Financial
Corp., who may be appointed to and occupy such offices
 from time to time, the undersigneds true and lawful
 attorneys-in-fact to do the following:

A. To execute for and on behalf of the undersigned,
Forms 3, 4 and 5 of the United States Securities
and Exchange Commission for the purposes of
reporting pursuant to and under Section 16(a)
of the Securities and Exchange Act of 1934 and
 related Rule 16a-3 and other related Rules and
Regulations of the United State Securities and
 Exchange Commission.

B. To do and perform any and all acts for and on
 behalf of the undersigned which may be necessary
 or desirable to complete the execution of any such
 Form 3, 4 and 5 and the timely filing of any such
 Form with the United States Securities and Exchange
 Commission and any other authority.

C. To take any other action of any type whatsoever in
connection with the foregoing which, in the opinion
and/or judgment of such attorney-in-fact, may be of
benefit to, in the best interest of, or legally required by,
the undersigned, it being understood the documents executed
 by such attorney-in-fact on behalf of the undersigned pursuant
 to this Power of Attorney shall be in such form and shall
 contain such terms and conditions as such attorney-in-fact
 may approve in his discretion.

D. To do and perform all and every act and thing
whatsoever requisite, necessary and proper to be
done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as
 the undersigned might or could do if personally present,
 hereby ratifying and confirming all that such attorney-in-fact
 shall lawfully do or cause to be done by virtue of this
power of attorney and the rights and powers herein granted.

Each attorney-in-fact hereunder shall have full power and
 authority under this Power of Attorney, and all acts authorized
to be taken by the attorneys-in-fact hereunder may be taken by
any one attorney-in-fact.

The undersigned acknowledges that Central Pacific Financial Corp.
 and the attorneys-in-fact who are serving hereunder for the
benefit of the undersigned, are not assuming any of the
undersigneds responsibilities to comply with Section 16
of the Securities Exchange Act of 1934 or any other
 securities laws, rules or regulations that the undersigned
 is required to comply with.


/s/ Raymond W. Wilson	February 15, 2011

State of Hawaii
City & County of Honolulu

On this 15th day of February 2011, before
me personally appeared Raymond W. Wilson to me
 known to be the person described in and who executed
 the foregoing instrument and acknowledged that he
executed the same as his free act and deed.

Karen D. Chung
Notary Public, State of Hawaii
Commission expires: Aug 18, 2013

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
