SEC Form 4 · accession 0001028918-19-000029

PACIFIC PREMIER BANCORP INC · PPBI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Steven R Gardner

Officer — Chairman, President & CEO · Director

Period of report

Feb 28, 2019

Accepted (ET)

Mar 1, 2019 · 8:15 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
PPBI Common Stock^F1	Feb 28, 2019	S	43,535	$29.92	D	234,880	D
PPBI Common Stock^F2	Feb 28, 2019	A	54,439	$0.00	A	289,319	D
PPBI Common Stock^F3,F4	Feb 28, 2019	F	4,422	$29.85	D	284,897	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 Unit^F5,F6	—	Feb 28, 2019	A	54,439	A	—	—	PPBI Common Stock	54,439	54,439	D
Options on PPBI Common Stock^F7	$10.44	holding	—	—	—	—	Jan 2, 2023	PPBI Common Stock	50,000	50,000	D
Options on PPBI Common Stock^F8	$15.68	holding	—	—	—	—	Jan 2, 2024	PPBI Common Stock	50,000	50,000	D
Options on PPBI Common Stock^F9	$15.16	holding	—	—	—	—	Jan 28, 2025	PPBI Common Stock	43,404	43,404	D
PPBI Restricted Stock Unit^F10,F6	—	holding	—	—	—	—	—	PPBI Common Stock	4,682	4,682	D
PPBI Restricted Stock Unit^F11,F6	—	holding	—	—	—	—	—	PPBI Common Stock	26,754	26,754	D

Explanation of responses

F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.78 to $30.03, inclusive.
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.
F11Each 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.
F2Restricted Stock with an evenly distributed 3 year vesting schedule.
F3Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Awards.
F4Includes 86,320 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.
F5Each 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.
F6Not applicable.
F7The option vests in three equal annual installments beginning on 1/2/2014.
F8The option vests in three equal annual installments beginning on 1/2/2015.
F9The option vests in three equal annual installments beginning on 1/28/2016.