SEC Form 4 · accession 0001028918-16-000121
PACIFIC PREMIER BANCORP INC · PPBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R Gardner
Officer — President & CEO · Director
Period of report
Jan 25, 2016
Accepted (ET)
Jan 27, 2016 · 8:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001028918
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| PPBI Restricted Stock AwardF1 | Jan 25, 2016 | A | 85,000 | $19.29 | A | 135,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PPBI Restricted Stock UnitF2,F3 | — | Jan 25, 2016 | A | 14,625 | A | — | — | PPBI Common Stock | 14,625 | 14,625 | D |
Explanation of responses
- F1Restricted Stock with an evenly distributed 3 year vesting schedule.
- F2Each Restricted Stock Unit represents the right to receive one share of common stock. The amount reported reflects the maximum number of Restricted Stock Units that may vest upon achievement of certain predetermined performance goals and assuming continued employment. The Restricted Stock Units will vest annually, if at all, commencing January 25, 2017 in three installments ranging between 1/5 and 1/3 of the reported number of Restricted Stock Units.
- F3Not applicable