SEC Form 4 · accession 0001028918-18-000048
PACIFIC PREMIER BANCORP INC · PPBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tom Rice
Officer — SEVP & Chief Operating Officer
Period of report
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 9:13 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 StockF1 | Feb 28, 2018 | M | 22,036 | $15.16 | A | 68,349 | D | |
| PPBI Common StockF2,F1 | Feb 28, 2018 | S | 22,036 | $42.7628 | D | 46,313 | D | |
| PPBI Common StockF3,F4 | Feb 28, 2018 | A | 5,945 | $0.00 | A | 52,258 | 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 StockF5 | $15.16 | Feb 28, 2018 | M | 22,036 | D | — | Jan 28, 2025 | PPBI Common Stock | 22,036 | 2,964 | D |
| PPBI Restricted Stock UnitF6,F7 | — | Feb 28, 2018 | A | 5,945 | A | — | — | PPBI Common Stock | 5,945 | 5,945 | D |
| Options on PPBI Common StockF8 | $6.30 | holding | — | — | — | — | Jan 5, 2021 | PPBI Common Stock | 2,000 | 2,000 | D |
| Options on PPBI Common StockF9 | $6.26 | holding | — | — | — | — | Dec 14, 2021 | PPBI Common Stock | 5,000 | 5,000 | D |
| Options on PPBI Common StockF10 | $15.68 | holding | — | — | — | — | Jan 2, 2024 | PPBI Common Stock | 20,000 | 20,000 | D |
| PPBI Restricted Stock UnitF11,F7 | — | holding | — | — | — | — | — | PPBI Common Stock | 750 | 750 | D |
| PPBI Restricted Stock UnitF12,F7 | — | holding | — | — | — | — | — | PPBI Common Stock | 728 | 728 | D |
Explanation of responses
- F1Includes 23,986 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 options vests in three equal annual installments beginning on 1/2/2015.
- F11Each 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 between1/5 and 1/3 of the reported number of Restricted Stock Units.
- 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.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.10 to $43.40, inclusive.
- F3Restricted Stock with an evenly distributed 3 year vesting schedule.
- F4Includes 29,931 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.
- F5The options vests in three equal annual installments beginning on 1/28/2016.
- F6Each 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.
- F7Not applicable.
- F8The options vests in three equal annual installments beginning on 1/5/2012.
- F9The options vests in three equal annual installments beginning on 12/14/2012.