SEC Form 4 · accession 0001028918-17-000193
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
Aug 22, 2017
Accepted (ET)
Aug 24, 2017 · 7:41 pm EDT
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 | Aug 22, 2017 | M | 16,666 | $7.10 | A | 282,321 | D | |
| PPBI Common StockF1 | Aug 22, 2017 | M | 8,334 | $7.10 | A | 290,655 | D | |
| PPBI Common StockF1 | Aug 22, 2017 | M | 8,151 | $5.01 | A | 298,806 | D | |
| PPBI Common StockF2,F1 | Aug 22, 2017 | S | 16,666 | $35.5691 | D | 282,140 | D | |
| PPBI Common StockF3,F1 | Aug 22, 2017 | F | 1,664 | $35.42 | D | 280,476 | D | |
| PPBI Common StockF3,F1 | Aug 22, 2017 | F | 1,149 | $35.42 | D | 279,327 | 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 StockF4 | $7.10 | Aug 22, 2017 | M | 16,666 | D | — | Jan 2, 2018 | PPBI Common Stock | 16,666 | 8,334 | D |
| Options on PPBI Common StockF4 | $7.10 | Aug 22, 2017 | M | 8,334 | D | — | Jan 2, 2018 | PPBI Common Stock | 8,334 | 0 | D |
| Options on PPBI Common StockF5 | $5.01 | Aug 22, 2017 | M | 8,151 | D | — | Aug 27, 2018 | PPBI Common Stock | 8,151 | 26,849 | D |
| PPBI Restricted Stock UnitF6,F7 | — | holding | — | — | — | — | — | PPBI Common Stock | 9,750 | 9,750 | D |
| Options on PPBI Common StockF8 | $6.30 | holding | — | — | — | — | Jan 5, 2021 | PPBI Common Stock | 5,000 | 5,000 | D |
| PPBI Restricted Stock UnitF9,F7 | — | holding | — | — | — | — | — | PPBI Common Stock | 14,045 | 14,045 | D |
| Options on PPBI Common StockF10 | $15.68 | holding | — | — | — | — | Jan 2, 2024 | PPBI Common Stock | 50,000 | 50,000 | 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 | $15.16 | holding | — | — | — | — | Jan 28, 2025 | PPBI Common Stock | 50,000 | 50,000 | D |
| Options on PPBI Common StockF13 | $7.87 | holding | — | — | — | — | Jun 5, 2022 | PPBI Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Includes 115,469 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.
- F10The option vests in three equal annual installments beginning on 1/2/2015.
- F11The option vests in three equal annual installments beginning on 1/2/2014.
- F12The option vests in three equal annual installments beginning on 1/28/2016.
- F13The option vests in three equal annual installments beginning on 6/5/2013.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.50 to $35.65, inclusive.
- F3Represents the surrender of already-owned shares on August 22, 2017 to cover payment of option exercise price.
- F4The option vests in three equal annual installments beginning on 1/2/2009.
- F5The option vests in three equal annual installments beginning on 8/27/2009.
- 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 25, 2017 in three installments ranging between 1/5 and 1/3 of the reported number of Restricted Stock Units.
- F7Not applicable.
- F8The option vests in three equal annual installments beginning on 1/5/2012.
- F9Each 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.