SEC Form 4 · accession 0001028918-19-000007
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
Jan 25, 2019
Accepted (ET)
Jan 29, 2019 · 9:41 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 | Jan 25, 2019 | M | 750 | — | A | 58,590 | D | |
| PPBI Common StockF2 | Jan 25, 2019 | F | 1,043 | $29.25 | D | 57,547 | D | |
| PPBI Common StockF1 | Jan 26, 2019 | M | 364 | — | A | 57,911 | D | |
| PPBI Common StockF2,F3 | Jan 26, 2019 | F | 592 | $29.25 | D | 57,319 | 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 UnitF4,F5 | — | Jan 25, 2019 | M | 750 | D | — | — | PPBI Common Stock | 750 | 0 | D |
| PPBI Restricted Stock UnitF6,F5 | — | Jan 26, 2019 | M | 364 | D | — | — | PPBI Common Stock | 364 | 364 | 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 | 2,964 | 2,964 | D |
| PPBI Restricted Stock UnitF9,F5 | — | holding | — | — | — | — | — | PPBI Common Stock | 5,945 | 5,945 | D |
Explanation of responses
- F1Restricted Stock Units convert into common stock on a one-for-one basis.
- F2Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Units and Restricted Stock Awards.
- F3Includes 27,038 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.
- F4Each 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.
- F5Not applicable.
- 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 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.
- 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.