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Filing Details

Accession Number:: 0001104659-15-044041
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-06-08 17:52:12
Reporting Period:: 2015-06-04

Filing Date:: 2015-06-08
Accepted Time:: 2015-06-08 17:52:12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
701347	Central Pacific Financial Corp	CPF	State Commercial Banks (6022)	990212597

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1300650	Lynn Anthony Davis	610 Broadway, 6Th Floor New York NY 10012	No	No	Yes	No
1300710	Michael Kevin Ulrich	610 Broadway, 6Th Floor New York NY 10012	No	No	Yes	No
1300711	Anchorage Advisors Management, Llc	610 Broadway, 6Th Floor New York NY 10012	No	No	Yes	No
1300714	Anchorage Capital Group, L.l.c.	610 Broadway, 6Th Floor New York NY 10012	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, No Par Value Per Share	Disposition	2015-06-04	1,500,000	$22.15	2,769,312	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

These shares of the issuer's common stock, no par value, are held for the account of ACMO-CPF, L.L.C., a Delaware limited liability company.
On June 4, 2015, ACMO-CPF, L.L.C. entered into an underwriting agreement (the "Underwriting Agreement") with Citigroup Global Markets Inc., as sole underwriter (the "Underwriter"), Central Pacific Financial Corp. and Carlyle Financial Services Harbor, L.P. Pursuant to the Underwriting Agreement, ACMO-CPF, L.L.C. agreed, subject to the closing conditions contained therein, to sell to the Underwriter 1,500,000 shares of common stock at a price of $22.15 per share of common stock. Accordingly, as a result of such sale, ACMO-CPF, L.L.C. will beneficially own approximately 8.8% of the shares of common stock. This percentage is calculated based on 31,558,913 shares of common stock issued and outstanding as of June 1, 2015, as disclosed in the prospectus supplement filed by Central Pacific Financial Corp. pursuant to Rule 424(b)(3) with the SEC on June 4, 2015.
Anchorage Advisors Management, L.L.C. is the sole managing member of Anchorage Capital Group, L.L.C., the investment advisor to Anchorage Capital Master Offshore, Ltd., the sole member of ACMO-CPF, L.L.C. Mr. Davis is the President of Anchorage Capital Group, L.L.C. and a managing member of Anchorage Advisors Management, L.L.C. Mr. Ulrich is the Chief Executive Officer of Anchorage Capital Group, L.L.C. and the other managing member of Anchorage Advisors Management, L.L.C.
Each reporting person disclaims beneficial ownership of the reported securities except to the extent, if any, of its or his pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.