SEC Form 4 · accession 0001028918-19-000031

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 28, 2019

Accepted (ET)

Mar 1, 2019 · 8:18 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^F1	Feb 28, 2019	A	9,213	$0.00	A	38,851	D
PPBI Common Stock^F3	Mar 1, 2019	G	1,981	$0.00	D	36,870	D
PPBI Common Stock^F4	Mar 1, 2019	G	1,981	$0.00	A	30,562	I	By The Rice Family Trust
PPBI Common Stock	holding	—	—		—	3,000	I	By Charles Schwab 401(k) Plan
PPBI Common Stock	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
PPBI Restricted Stock Unit^F5,F6	—	Feb 28, 2019	A	9,213	A	—	—	PPBI Common Stock	9,213	9,213	D
Options on PPBI Common Stock^F7	$15.68	holding	—	—	—	—	Jan 2, 2024	PPBI Common Stock	20,000	20,000	D
Options on PPBI Common Stock^F8	$15.16	holding	—	—	—	—	Jan 28, 2025	PPBI Common Stock	2,964	2,964	D
PPBI Restricted Stock Unit^F9,F6	—	holding	—	—	—	—	—	PPBI Common Stock	364	364	D
PPBI Restricted Stock Unit^F10,F6	—	holding	—	—	—	—	—	PPBI Common Stock	5,945	5,945	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.
F2On March 1, 2019, the reporting person transferred 1,981 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.
F3Includes 34,270 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.
F4These shares are held by the Trust. The reporting person shares voting and dispositive control over shares held by the Trust.
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 options vests in three equal annual installments beginning on 1/2/2015.
F8The options 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.