SEC Form 4 · accession 0001028918-19-000025
PACIFIC PREMIER BANCORP INC · PPBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tom Rice
Officer — SEVP/ Chief Innovation Officer
Period of report
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 9:05 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 21, 2019 | M | 5,000 | $10.44 | A | 34,638 | D | |
| PPBI Common StockF1,F2 | Feb 21, 2019 | G | 5,000 | $0.00 | D | 29,638 | D | |
| PPBI Common StockF2,F4 | Feb 21, 2019 | G | 5,000 | $0.00 | A | 28,581 | I | By The Rice Family Trust |
| PPBI Common StockF2 | holding | — | — | — | 3,000 | I | By Charles Schwab 401(k) Plan | |
| PPBI Common StockF2 | holding | — | — | — | 3,100 | I | By Ameritrade 401(k) Plan |
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 | $10.44 | Feb 21, 2019 | M | 5,000 | D | — | Jan 2, 2023 | PPBI Common Stock | 5,000 | 0 | D |
| Options on PPBI Common StockF6 | $15.68 | holding | — | — | — | — | Jan 2, 2024 | PPBI Common Stock | 20,000 | 20,000 | D |
| Options on PPBI Common StockF7 | $15.16 | holding | — | — | — | — | Jan 28, 2025 | PPBI Common Stock | 2,964 | 2,964 | D |
| PPBI Restricted Stock UnitF8,F9 | — | holding | — | — | — | — | — | PPBI Common Stock | 5,945 | 5,945 | D |
| PPBI Restricted Stock UnitF10,F9 | — | holding | — | — | — | — | — | PPBI Common Stock | 364 | 364 | D |
Explanation of responses
- F1Includes 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.
- 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 of 1/3 of the reported number of Restricted Stock Units.
- F2Adjustments made to reflect unreported changes in the form of ownership.
- F3On February 21, 2019, the reporting person transferred 5,000 directly owned shares of PPBI common stock to the Rice Family Trust, dated March 28, 2018 (the "Trust"), Tom Rice, Co-Trustee. The reporting person shares voting and disposition control over shares held by the Trust.
- F4These shares are held by the Trust. The reporting person shares voting and dispositive control over shares held by the Trust.
- F5The options vests in three equal annual installments beginning on 1/2/2014.
- F6The options vests in three equal annual installments beginning on 1/2/2015.
- F7The options vests in three equal annual installments beginning on 1/28/2016.
- 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 through the vesting period. The Restricted Stock Units will vest, 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.
- F9Not applicable.