SEC Form 4 · accession 0001028918-17-000201
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
Sep 11, 2017
Accepted (ET)
Sep 13, 2017 · 5:48 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,F2 | Sep 11, 2017 | S | 7,500 | $34.1371 | D | 271,827 | D | |
| PPBI Common StockF3,F2 | Sep 12, 2017 | S | 12,500 | $34.7625 | D | 259,327 | 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 | $5.01 | holding | — | — | — | — | Aug 27, 2018 | PPBI Common Stock | 26,849 | 26,849 | D |
| Options on PPBI Common StockF5 | $6.30 | holding | — | — | — | — | Jan 5, 2021 | PPBI Common Stock | 5,000 | 5,000 | D |
| Options on PPBI Common StockF6 | $7.87 | holding | — | — | — | — | Jun 5, 2022 | PPBI Common Stock | 100,000 | 100,000 | D |
| Options on PPBI Common StockF7 | $10.44 | holding | — | — | — | — | Jan 2, 2023 | PPBI Common Stock | 50,000 | 50,000 | D |
| Options on PPBI Common StockF8 | $15.68 | holding | — | — | — | — | Jan 2, 2024 | PPBI Common Stock | 50,000 | 50,000 | D |
| Options on PPBI Common StockF9 | $15.16 | holding | — | — | — | — | Jan 28, 2025 | PPBI Common Stock | 50,000 | 50,000 | D |
| PPBI Restricted Stock UnitF10,F11 | — | holding | — | — | — | — | — | PPBI Common Stock | 14,045 | 14,045 | D |
| PPBI Restricted Stock UnitF12,F11 | — | holding | — | — | — | — | — | PPBI Common Stock | 9,750 | 9,750 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.90 to $34.70, inclusive.
- F10Each 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.
- F11Not applicable.
- F12Each 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.
- F2Includes 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.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.55 to $35.00, inclusive.
- F4The option vests in three equal annual installments beginning on 8/27/2009.
- F5The option vests in three equal annual installments beginning on 1/5/2012.
- F6The option vests in three equal annual installments beginning on 6/5/2013.
- F7The option vests in three equal annual installments beginning on 1/2/2014.
- F8The option vests in three equal annual installments beginning on 1/2/2015.
- F9The option vests in three equal annual installments beginning on 1/28/2016.