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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Mizumoto Lance A.   2. Issuer Name and Ticker or Trading Symbol CENTRAL PACIFIC FINANCIAL CORP [CPF] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President & CBO (Last) (First) (Middle) 220 S KING ST 3. Date of Earliest Transaction (Month/Day/Year) 02/29/2016 (Street) HONOLULU, HI  4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 02/29/2016   M   3,323 A $ 0 41,276 D   Common Stock 02/29/2016   M   1,259 A $ 0 42,535 D   Common Stock 02/29/2016   F(1)   2,192 D $ 19.93 40,343 D   Common Stock (2) 02/29/2016   F(3)   880 D $ 19.93 4,645 D   Common Stock (4) 02/29/2016   F(5)   395 D $ 19.93 2,340 D   Common Stock (6)               8,122 D   Common Stock (7)               3,574 D   Common Stock (8)               2,304 D   Common Stock (9)               6,613 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (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)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Restricted Stock Unit (10) (11)

$ 0

02/29/2016

M

3,323

02/28/2014

02/29/2016

Common Stock

3,323

$ 0

6,646

D

Restricted Stock Unit

$ 0

02/29/2016

M

1,259

(12)

(13)

Common Stock

1,259

$ 0

5,489

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Mizumoto Lance A. 220 S KING ST HONOLULU, HI	X		President & CBO

Signatures

/s/ Patricia Foley, attorney-in-fact for Lance A. Mizumoto		03/01/2016
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Shares exercised to cover taxes related to vesting from 2/28/13 RSU & PSU grant
(2)	RSUs performance-based granted 2/28/14
(3)	Shares exercised to cover taxes related to vesting from 2/28/14 PSU grant.
(4)	RSU time-based granted 2/28/14
(5)	Shares exercised to cover taxes related to vesting from 2/28/14 RSU grant.
(6)	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
(7)	2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.
(8)	RSUs time-based; granted 2/17/15
(9)	RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.
(10)	Original share amount should be 9,969. Correction of 1 share was made to original balance.
(11)	RSUs performance-based originally filed on 3/1/13 at 100% (target) performance criteria. This supplements that filing to note the actual number of shares vested based on performance results.
(12)	3 year step vest starting 2/28/2014
(13)	Does not expire unless shares are forfeited before vesting.

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