SEC Form 4 · accession 0001028918-16-000277
PACIFIC PREMIER BANCORP INC · PPBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R Gardner
Officer — Chairman & CEO · Director
Period of report
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 8:13 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 Common Stock | Dec 15, 2016 | M | 25,000 | $12.10 | A | 254,646 | D | |
| PPBI Common StockF2 | Dec 15, 2016 | S | 12,276 | $34.0546 | D | 242,370 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options on PPBI Common StockF3 | $12.10 | Dec 15, 2016 | M | 25,000 | D | — | Jan 3, 2017 | PPBI Common Stock | 25,000 | 315,000 | D |
Explanation of responses
- F1Shares disposed to satisfy the Reporting Person's total option grant cost due and tax liability incurred by the vesting of a previously granted award.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.65 to $34.30, inclusive.
- F3The option vested in three equal installments on January 3, 2008, 2009, and 2010.