Form Type: 4

SEC EDGAR Link
Accession Number:0001028918-20-000011
Date:2020-01-26
Issuer: PACIFIC PREMIER BANCORP INC (PPBI)
Original Submission Date:

Reporting Person:

KARR MICHAEL S
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 364 a $0.00 61,706 direct
PPBI COMMON STOCK 2020-01-26 M 8 a $0.00 61,714 direct
PPBI COMMON STOCK 2020-01-26 F 865 d $31.34 60,849 direct
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 364 (d) ppbi common stock 364 $0.00 8 direct
DIVIDEND EQUIVALENT RIGHTS 0.0 2020-01-26 deemed execution date M 8 (d) ppbi common stock 8 $0.00 0 direct
PPBI RESTRICTED STOCK UNIT 0.0 2020-01-26 deemed execution date 0 ( ) ppbi common stock 4,756 $0.00 4,756 direct
PPBI RESTRICTED STOCK UNIT 0.0 2020-01-26 deemed execution date 0 ( ) ppbi common stock 8,375 $0.00 8,375 direct
OPTIONS ON PPBI COMMON STOCK 6.3 2020-01-26 deemed execution date 0 ( ) 2021-01-05 ppbi common stock 2,000 $6.30 2,000 direct
OPTIONS ON PPBI COMMON STOCK 7.87 2020-01-26 deemed execution date 0 ( ) 2022-06-05 ppbi common stock 25,000 $7.87 25,000 direct
OPTIONS ON PPBI COMMON STOCK 10.44 2020-01-26 deemed execution date 0 ( ) 2023-01-02 ppbi common stock 25,000 $10.44 25,000 direct
OPTIONS ON PPBI COMMON STOCK 15.68 2020-01-26 deemed execution date 0 ( ) 2024-01-02 ppbi common stock 20,000 $15.68 20,000 direct
OPTIONS ON PPBI COMMON STOCK 15.16 2020-01-26 deemed execution date 0 ( ) 2025-01-28 ppbi common stock 25,000 $15.16 25,000 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 represents shares withheld to cover the tax liability incident to the vesting of restricted stock units, restricted stock awards and dividend equivalent rights.
f4 includes 11,546 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 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.
f6 represents restricted stock units that vested upon predetermined performance goals.
f7 not applicable.
f8 dividend equivalent rights accrue on the reporting person's restricted stock units and become vested proportionately with the restricted stock units.
f9 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 index.
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, 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.
f11 the options vests in three equal annual installments beginning on 1/5/2012.
f12 the options vests in three equal annual installments beginning on 6/5/2013.
f13 the options vests in three equal annual installments beginning on 1/2/2014.
f14 the options vests in three equal annual installments beginning on 1/2/2015.
f15 the options vests in three equal annual installments beginning on 1/28/2016.
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