SEC Form 4 · accession 0001028918-17-000204
PACIFIC PREMIER BANCORP INC · PPBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael S Karr
Officer — SEVP & Chief Credit Officer
Period of report
Sep 13, 2017
Accepted (ET)
Sep 15, 2017 · 9:43 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 | Sep 13, 2017 | M | 10,000 | $7.10 | A | 54,400 | D | |
| PPBI Common StockF2,F1 | Sep 13, 2017 | F | 2,037 | $34.85 | D | 52,363 | 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 | $7.10 | Sep 13, 2017 | M | 10,000 | D | — | Jan 2, 2018 | PPBI Common Stock | 10,000 | 0 | D |
| Options on PPBI Common StockF4 | $5.01 | holding | — | — | — | — | Aug 27, 2018 | PPBI Common Stock | 10,000 | 10,000 | D |
| Options on PPBI Common StockF5 | $6.30 | holding | — | — | — | — | Jan 5, 2021 | PPBI Common Stock | 2,000 | 2,000 | D |
| Options on PPBI Common StockF6 | $7.87 | holding | — | — | — | — | Jun 5, 2022 | PPBI Common Stock | 25,000 | 25,000 | D |
| Options on PPBI Common StockF7 | $15.68 | holding | — | — | — | — | Jan 2, 2024 | PPBI Common Stock | 20,000 | 20,000 | D |
| Options on PPBI Common StockF8 | $15.16 | holding | — | — | — | — | Jan 28, 2025 | PPBI Common Stock | 25,000 | 25,000 | D |
| Options on PPBI Common StockF9 | $10.44 | holding | — | — | — | — | Jan 2, 2023 | PPBI Common Stock | 25,000 | 25,000 | D |
| PPBI Restricted Stock UnitF10,F11 | — | holding | — | — | — | — | — | PPBI Common Stock | 1,500 | 1,500 | D |
| PPBI Restricted Stock UnitF12,F11 | — | holding | — | — | — | — | — | PPBI Common Stock | 1,092 | 1,092 | D |
Explanation of responses
- F1Includes 26,878 shares of restricted stock subject to a vesting schedule set forth in the restricted stock grant and subject to forfeiture upon occurrence of certain events specified in the restricted stock grant.
- 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 25, 2017 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 26, 2018 in three installments ranging between 1/5 and 1/3 of the reported number of Restricted Stock Units.
- F2Represents the surrender of already-owned shares on 9/13/2017 to cover payment of option exercise price.
- F3The option vests in three equal annual installments beginning on 1/2/2009
- F4The options vests in three equal annual installments beginning on 8/27/2009.
- F5The options vests in three equal annual installments beginning on 1/5/2012.
- F6The options vests in three equal annual installments beginning on 6/5/2013.
- F7The options vests in three equal annual installments beginning on 1/2/2015.
- F8The options vests in three equal annual installments beginning on 1/28/2016.
- F9The options vests in three equal annual installments beginning on 1/2/2014.