SEC Form 4 · accession 0001028918-19-000028
PACIFIC PREMIER BANCORP INC · PPBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald J. Nicolas Jr.
Officer — SEVP & CFO
Period of report
Feb 28, 2019
Accepted (ET)
Mar 1, 2019 · 8:11 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, 2019 | A | 14,657 | $0.00 | A | 42,899 | D | |
| PPBI Common StockF2,F3 | Feb 28, 2019 | F | 789 | $29.85 | D | 42,110 | D | |
| PPBI Common Stock | Mar 1, 2019 | G | 1,490 | $0.00 | D | 40,620 | D | |
| PPBI Common StockF5 | Mar 1, 2019 | G | 1,490 | $0.00 | A | 9,968 | I | The Nicolas Living Trust |
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 UnitF6,F7 | — | Feb 28, 2019 | A | 14,657 | A | — | — | PPBI Common Stock | 14,657 | 14,657 | D |
| PPBI Restricted Stock UnitF8,F7 | — | holding | — | — | — | — | — | PPBI Common Stock | 468 | 468 | D |
| PPBI Restricted Stock UnitF9,F7,F10 | — | holding | — | — | — | — | — | PPBI Common Stock | 6,837 | 6,837 | D |
Explanation of responses
- F1Restricted Stock with an evenly distributed 3 year vesting schedule.
- F10Represents a share change due to a previous rounding error in the filing system.
- F2Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Awards.
- F3Includes 40,620 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.
- F4On March 1, 2019, the reporting person transferred 1,506 directly owned shares of PPBI common stock to The Nicolas Living Trust under agreement date 8/8/2006 (the "Trust"), Ronald J. Nicolas, Jr., Co-Trustee. The reporting person shares voting and dispositive control over shares held by the Trust.
- F5These shares are held by the Trust. The reporting person shares voting and dispositive control over shares held by the Trust.
- F6Each Restricted Stock Unit represents the right to receive one share of common stock. The amount reported reflects the targeted number of Restricted Stock Units that may vest upon achievement of certain predetermined performance goals and assuming continued employment through the vesting period. Depending on the actual performance achieved, the reporting person may receive between 0% and 200% of such targeted amount. The Restricted Stock Units will vest, if at all, on February 28, 2022. 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
- F8Each 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.
- F9Each Restricted Stock Unit represents the right to receive one share of common stock. The amount reported reflects the targeted number of Restricted Stock Units that may vest upon achievement of certain predetermined performance goals and assuming continued employment through the vesting period. Depending on the actual performance achieved, the reporting person may receive between 0% and 200% of such targeted amount. The Restricted Stock Units will vest, if at all, on February 28, 2021. 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.