SEC Form 4 · accession 0001028918-17-000046
PACIFIC PREMIER BANCORP INC · PPBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tom Rice
Officer — SEVP & Chief Operating Officer
Period of report
Jan 26, 2017
Accepted (ET)
Jan 30, 2017 · 9:38 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 StockF1,F2 | Jan 26, 2017 | A | 3,278 | $40.05 | A | 46,745 | 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 UnitF3,F4 | — | Jan 26, 2017 | A | 1,092 | A | — | — | PPBI Common Stock | 1,092 | 2,592 | D |
Explanation of responses
- F1Restricted Stock with an evenly distributed 3 year vesting schedule.
- F2Includes shares of restricted stock subject to a vesting schedule set forth in the restricted stock grant and subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.
- F3Each 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 26, 2018 in three installments ranging between 1/5 and 1/3 of the reported number of Restricted Stock Units.
- F4Not applicable.