SEC Form 4 · accession 0001028918-18-000217
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
Dec 3, 2018
Accepted (ET)
Dec 6, 2018 · 6:49 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 | Dec 3, 2018 | M | 2,000 | $6.30 | A | 54,258 | D | |
| PPBI Common StockF1 | Dec 3, 2018 | M | 5,000 | $6.26 | A | 59,258 | D | |
| PPBI Common StockF2,F1 | Dec 3, 2018 | F | 1,418 | $30.94 | D | 57,840 | 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 | $6.30 | Dec 3, 2018 | M | 2,000 | D | — | Jan 5, 2021 | PPBI Common Stock | 2,000 | 0 | D |
| Options on PPBI Common StockF4 | $6.26 | Dec 3, 2018 | M | 5,000 | D | — | Dec 14, 2021 | PPBI Common Stock | 5,000 | 0 | D |
| Options on PPBI Common StockF5 | $15.16 | holding | — | — | — | — | Jan 28, 2025 | PPBI Common Stock | 2,964 | 2,964 | D |
| Options on PPBI Common StockF6 | $15.68 | holding | — | — | — | — | Jan 2, 2024 | PPBI Common Stock | 20,000 | 20,000 | D |
| PPBI Restricted Stock UnitF7,F8 | — | holding | — | — | — | — | — | PPBI Common Stock | 750 | 750 | D |
| PPBI Restricted Stock UnitF9,F8 | — | holding | — | — | — | — | — | PPBI Common Stock | 5,945 | 5,945 | D |
| PPBI Restricted Stock UnitF10,F8 | — | holding | — | — | — | — | — | PPBI Common Stock | 728 | 728 | D |
Explanation of responses
- F1Includes 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.
- 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.
- F2Represents the surrender of already owned shares on December 3, 2018 to cover payment of option exercise price.
- F3The options vests in three equal annual installments beginning on 1/5/2012.
- F4The options vests in three equal annual installments beginning on 12/14/2012.
- F5The options vests in three equal annual installments beginning on 1/28/2016.
- F6The options vests in three equal annual installments beginning on 1/2/2015.
- F7Each 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.
- F8Not applicable.
- F9Each 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.