SEC Form 4 · accession 0001028918-19-000030
PACIFIC PREMIER BANCORP INC · PPBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Earl Wilcox
Officer — President & COO
Period of report
Feb 28, 2019
Accepted (ET)
Mar 1, 2019 · 8:17 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 | 25,126 | $0.00 | A | 146,280 | D | |
| PPBI Common StockF2,F3 | Feb 28, 2019 | F | 1,200 | $29.85 | D | 145,080 | 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 | — | Feb 28, 2019 | A | 25,126 | A | — | — | PPBI Common Stock | 25,126 | 25,126 | D |
| Options on PPBI Common StockF6 | $10.44 | holding | — | — | — | — | Jan 2, 2023 | PPBI Common Stock | 16,500 | 16,500 | D |
| Options on PPBI Common StockF7 | $15.68 | holding | — | — | — | — | Jan 2, 2024 | PPBI Common Stock | 25,000 | 25,000 | D |
| Options on PPBI Common StockF8 | $15.16 | holding | — | — | — | — | Jan 28, 2025 | PPBI Common Stock | 35,000 | 35,000 | D |
| PPBI Restricted Stock UnitF9,F5 | — | holding | — | — | — | — | — | PPBI Common Stock | 833 | 833 | D |
| PPBI Restricted Stock UnitF10,F5 | — | holding | — | — | — | — | — | PPBI Common Stock | 10,404 | 10,404 | D |
Explanation of responses
- F1Restricted Stock with an evenly distributed 3 year vesting schedule.
- F10Each 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.
- F2Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Awards.
- F3Includes 59,559 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 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.
- F5Not applicable.
- F6The option vests in three equal annual installments beginning on 1/02/2014.
- F7The option vests in three equal annual installments beginning on 1/02/2015.
- F8The option 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 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.