SEC Form 4 · accession 0001028918-19-000017
PACIFIC PREMIER BANCORP INC · PPBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Earl Wilcox
Officer — President
Period of report
Feb 11, 2019
Accepted (ET)
Feb 13, 2019 · 3:28 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 Stock | Feb 11, 2019 | M | 16,500 | $7.87 | A | 119,894 | D | |
| PPBI Common Stock | Feb 11, 2019 | M | 8,500 | $10.44 | A | 128,394 | D | |
| PPBI Common StockF1 | Feb 11, 2019 | F | 7,240 | $30.19 | D | 121,154 | 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 StockF2 | $7.87 | Feb 11, 2019 | M | 16,500 | D | — | Jun 5, 2022 | PPBI Common Stock | 16,500 | 0 | D |
| Options on PPBI Common StockF3 | $10.44 | Feb 11, 2019 | M | 8,500 | D | — | Jan 2, 2023 | PPBI Common Stock | 8,500 | 16,500 | D |
| Options on PPBI Common StockF4 | $15.16 | holding | — | — | — | — | Jan 28, 2025 | PPBI Common Stock | 35,000 | 35,000 | D |
| Options on PPBI Common StockF5 | $15.68 | holding | — | — | — | — | Jan 2, 2024 | PPBI Common Stock | 25,000 | 25,000 | D |
| PPBI Restricted Stock UnitF6,F7 | — | holding | — | — | — | — | — | PPBI Common Stock | 833 | 833 | D |
| PPBI Restricted Stock UnitF8,F7 | — | holding | — | — | — | — | — | PPBI Common Stock | 10,404 | 10,404 | D |
Explanation of responses
- F1Includes 37,901 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.
- F2The option vests in three equal annual installments beginning on 6/05/2013.
- F3The option vests in three equal annual installments beginning on 1/02/2014.
- F4The option vests in three equal annual installments beginning on 1/28/2016.
- F5The option vests in three equal annual installments beginning on 1/02/2015.
- 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.
- F7Not applicable.
- F8Each 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. The Restricted Stock Units will vest annually, if at all, commencing February 28, 2019. Vesting will be tied entirely to performance, all as measured by a 3-year average relative total shareholder return percentile range compared to the Keefe, Bruyette & Woods, Inc. Regional Banking Index.