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Filing Details

Accession Number:: 0001028918-19-000139
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-11-21 17:45:24
Reporting Period:: 2019-11-21

Accepted Time:: 2019-11-21 17:45:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1028918	Pacific Premier Bancorp Inc	PPBI	State Commercial Banks (6022)	330743196

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1267342	R Steven Gardner	17901 Von Karman Ave., Suite 1200 Irvine CA 92614	Chairman, President & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Ppbi Common Stock	Disposition	2019-11-21	18,167	$32.04	309,416	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Ppbi Common Stock	PPBI Restricted Stock Unit	$0.00	3,698	3,698	Direct
Ppbi Common Stock	PPBI Restricted Stock Unit	$0.00	26,754	26,754	Direct
Ppbi Common Stock	PPBI Restricted Stock Unit	$0.00	54,439	54,439	Direct

Amount	Remaning Holdings	Nature of Ownership
3,698	3,698	Direct
26,754	26,754	Direct
54,439	54,439	Direct

Footnotes

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.93 to $32.17, inclusive.
Includes 86,320 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.
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.
Not applicable.
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.
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.