Form Type: 4

SEC EDGAR Link
Accession Number:0001028918-20-000009
Date:2020-01-26
Issuer: PACIFIC PREMIER BANCORP INC (PPBI)
Original Submission Date:

Reporting Person:

NICOLAS RONALD J. JR.
17901 VON KARMAN
SUITE 1200 IRVINE, CA 92614

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
PPBI COMMON STOCK 2020-01-26 M 468 a $0.00 21,088 direct
PPBI COMMON STOCK 2020-01-26 M 11 a $0.00 21,099 direct
PPBI COMMON STOCK 2020-01-28 G 1,884 d $0.00 19,215 direct
PPBI COMMON STOCK 2020-01-28 G 1,884 a $0.00 21,322 indirect f5
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PPBI RESTRICTED STOCK UNIT 0.0 2020-01-26 deemed execution date M 468 (d) ppbi common stock 468 $0.00 0 direct
DIVIDEND EQUIVALENT RIGHTS 0.0 2020-01-26 deemed execution date M 11 (d) ppbi common stock 11 $0.00 0 direct
PPBI RESTRICTED STOCK UNIT 0.0 2020-01-26 deemed execution date 0 ( ) ppbi common stock 6,837 $0.00 6,837 direct
PPBI RESTRICTED STOCK UNIT 0.0 2020-01-26 deemed execution date 0 ( ) ppbi common stock 14,657 $0.00 14,657 direct
Footnotes
IDfootnote
f1 restricted stock units convert into common stock on a one-for-one basis.
f2 each dividend equivalent right is the economic equivalent of one share of common stock.
f3 on january 28, 2020, the reporting person transferred 1,884 directly owned shares of ppbi common stock to the nicolas living trust under agreement date 8/8/2006 (the "trust"), ronald j. nicolas, jr., co-trustee. the reporting person shares voting and dispositive control over shares held by the trust.
f4 includes 19,215 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.
f5 these shares are held by the trust. the reporting person shares voting and dispositive control over shares held by the trust.
f6 each 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. the amount reported represents unvested restricted stock units that have not otherwise been forfeited.
f7 represents restricted stock units that vested upon predetermined performance goals.
f8 not applicable.
f9 dividend equivalent rights accrue on the reporting person's restricted stock units and become vested proportionately with the restricted stock units.
f10 each 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.
f11 each 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. 50% 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 ("krx"). 25% vesting will be based on the company's average roaa percentile performance as compared to krx companies over the performance period. 25% vesting will be based on the company's average roatce percentile performance as compared to the krx companies over the performance period.
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