SEC Form 4 · accession 0001028918-19-000032

PACIFIC PREMIER BANCORP INC · PPBI

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

Reporting owner

Michael S Karr

Officer — SEVP & Chief Credit Officer

Period of report

Feb 28, 2019

Accepted (ET)

Mar 1, 2019 · 8:20 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	8,375	$0.00	A	73,421	D
PPBI Common Stock^F2,F3	Feb 28, 2019	F	549	$29.85	D	72,872	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^F4,F5	—	Feb 28, 2019	A	8,375	A	—	—	PPBI Common Stock	8,375	8,375	D
Options on PPBI Common Stock^F6	$6.30	holding	—	—	—	—	Jan 5, 2021	PPBI Common Stock	2,000	2,000	D
Options on PPBI Common Stock^F7	$7.87	holding	—	—	—	—	Jun 5, 2022	PPBI Common Stock	25,000	25,000	D
Options on PPBI Common Stock^F8	$10.44	holding	—	—	—	—	Jan 2, 2023	PPBI Common Stock	25,000	25,000	D
Options on PPBI Common Stock^F9	$15.68	holding	—	—	—	—	Jan 2, 2024	PPBI Common Stock	20,000	20,000	D
Options on PPBI Common Stock^F10	$15.16	holding	—	—	—	—	Jan 28, 2025	PPBI Common Stock	25,000	25,000	D
PPBI Restricted Stock Unit^F11,F5	—	holding	—	—	—	—	—	PPBI Common Stock	364	364	D
PPBI Restricted Stock Unit^F12,F5	—	holding	—	—	—	—	—	PPBI Common Stock	4,756	4,756	D

Explanation of responses

F1Restricted Stock with an evenly distributed 3 year vesting schedule.
F10The options vests in three equal annual installments beginning on 1/28/2016.
F11Each 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.
F12Each 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 32,639 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 options vests in three equal annual installments beginning on 1/5/2012.
F7The options vests in three equal annual installments beginning on 6/5/2013.
F8The options vests in three equal annual installments beginning on 1/2/2014.
F9The options vests in three equal annual installments beginning on 1/2/2015.