SEC Form 4 · accession 0001028918-19-000048
PACIFIC PREMIER BANCORP INC · PPBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ernest W Hwang
Officer — EVP & Chief Banking Officer
Period of report
Dec 12, 2016
Accepted (ET)
Mar 4, 2019 · 4:50 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,F2 | Dec 12, 2016 | A | 10,000 | $0.00 | A | 35,000 | D | |
| PPBI Common StockF1,F3 | Feb 28, 2019 | A | 5,000 | $0.00 | A | 40,000 | D | |
| PPBI Common StockF4 | holding | — | — | — | 56,306 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options on PPBI Common StockF5 | $20.55 | holding | — | — | — | — | Feb 28, 2026 | PPBI Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Restricted Stock which vests in full on the third anniversary of the date of grant.
- F2Represents shares owned as of the filing date and not as of the transaction date.
- F3Includes 40,000 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.
- F4Shares held of record by The Ernest and Kathryn Hwang Trust, Ernest and Kathryn Hwang, Trustees, the sole beneficiary of which is the reporting person's child.
- F5The options vests in three equal annual installments beginning on 2/28/2017.