SEC Form 4 · accession 0001028918-18-000044
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
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 9:07 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 | Feb 28, 2018 | A | 26,754 | $0.00 | A | 252,569 | 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 | — | Feb 28, 2018 | A | 26,754 | A | — | — | PPBI Common Stock | 26,754 | 26,754 | D |
| PPBI Restricted Stock UnitF5,F4 | — | holding | — | — | — | — | — | PPBI Common Stock | 4,875 | 4,875 | D |
| PPBI Restricted Stock UnitF6,F4 | — | holding | — | — | — | — | — | PPBI Common Stock | 9,364 | 9,364 | D |
| Options on PPBI Common StockF7 | $6.30 | holding | — | — | — | — | Jan 5, 2021 | PPBI Common Stock | 5,000 | 5,000 | D |
| Options on PPBI Common StockF8 | $7.87 | holding | — | — | — | — | Jun 5, 2022 | PPBI Common Stock | 72,000 | 72,000 | D |
| Options on PPBI Common StockF9 | $10.44 | holding | — | — | — | — | Jan 2, 2023 | PPBI Common Stock | 50,000 | 50,000 | 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 | $15.16 | holding | — | — | — | — | Jan 28, 2025 | PPBI Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Restricted Stock with an evenly distributed 3 year vesting schedule.
- F10The option vests in three equal annual installments beginning on 1/2/2015.
- F11The option vests in three equal annual installments beginning on 1/28/2016.
- F2Includes 83,178 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 through the vesting period. The Restricted Stock Units will vest annually, if at all, commencing February 28, 2019. Vesting will be tied entirely to performance, measured by a 3-year average relative total shareholder return percentile range compared to the Keefe, Bruyette & Woods, Inc. Regional Banking Index.
- F4Not applicable.
- F5Each 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.
- 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 1/5/2012.
- F8The option vests in three equal annual installments beginning on 6/5/2013.
- F9The option vests in three equal annual installments beginning on 1/2/2014.