SEC Form 4 · accession 0001028918-17-000069
PACIFIC PREMIER BANCORP INC · PPBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R Gardner
Officer — Chairman, President & CEO · Director
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 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 StockF2,F3 | Mar 3, 2017 | S | 4,980 | $40.2226 | D | 265,655 | 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 UnitF4,F5 | — | holding | — | — | — | — | — | PPBI Common Stock | 9,750 | 9,750 | D |
| PPBI Restricted Stock UnitF6,F5 | — | holding | — | — | — | — | — | PPBI Common Stock | 14,045 | 14,045 | D |
| Options on PPBI Common StockF7 | $7.10 | holding | — | — | — | — | Jan 2, 2018 | PPBI Common Stock | 25,000 | 25,000 | D |
| Options on PPBI Common StockF8 | $5.01 | holding | — | — | — | — | Aug 27, 2018 | PPBI Common Stock | 35,000 | 35,000 | D |
| Options on PPBI Common StockF9 | $6.30 | holding | — | — | — | — | Jan 5, 2021 | PPBI Common Stock | 5,000 | 5,000 | D |
| Options on PPBI Common StockF10 | $7.87 | holding | — | — | — | — | Jun 5, 2022 | PPBI Common Stock | 100,000 | 100,000 | D |
| Options on PPBI Common StockF11 | $10.44 | holding | — | — | — | — | Jan 2, 2023 | PPBI Common Stock | 50,000 | 50,000 | D |
| Options on PPBI Common StockF12 | $15.68 | holding | — | — | — | — | Jan 2, 2024 | PPBI Common Stock | 50,000 | 50,000 | D |
| Options on PPBI Common StockF13 | $15.16 | holding | — | — | — | — | Jan 28, 2025 | PPBI Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Open market sale pursuant to a 10b5-1 trading plan adopted by the Reporting Person on February 17, 2017, for tax planning purposes.
- F10The option vests in three equal annual installments beginning on 6/5/2013.
- F11The option vests in three equal annual installments beginning on 1/2/2014.
- F12The option vests in three equal annual installments beginning on 1/2/2015.
- F13The option vests in three equal annual installments beginning on 1/28/2016.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.95 to $40.65, inclusive.
- F3Includes 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.
- F4Each Restricted Stock Unit represents the right to receive one share of common stock. 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.
- F5Not applicable.
- F6Each Restricted Stock Unit represents the right to receive one share of common stock. 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.
- F7The option vests in three equal annual installments beginning on 1/2/2009.
- F8The option vests in three equal annual installments beginning on 8/27/2009.
- F9The option vests in three equal annual installments beginning on 1/5/2012.