Home > Insider Trading > Filing (0001028918-23-000102)

Filing Details

Accession Number:: 0001028918-23-000102
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-05-25 12:37:59
Reporting Period:: 2023-05-23

Accepted Time:: 2023-05-25 12:37:59
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
1509690	S Michael Karr	17901 Von Karman Ave., Suite 1200 Irvine CA 92614	Sevp & Chief Risk Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Ppbi Common Stock	Acquisiton	2023-05-23	15,002	$15.68	43,287	No	4	M	Direct
Ppbi Common Stock	Disposition	2023-05-23	12,848	$20.53	30,439	No	4	S	Direct
Ppbi Common Stock	Disposition	2023-05-24	2,154	$0.00	28,285	No	5	G	Direct
Ppbi Common Stock	Acquisiton	2023-05-24	2,154	$0.00	75,627	No	5	G	Indirect	The Karr Family Revocable Trust dated February 15, 2005

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct
No	5	G	Direct
No	5	G	Indirect	The Karr Family Revocable Trust dated February 15, 2005

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Ppbi Common Stock	Options on PPBI Common Stock	Disposition	2023-05-23	15,002	$0.00	15,002	$15.68

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2024-01-02	No	4	M	Direct

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Ppbi Common Stock	Options on PPBI Common Stock	$15.16	2025-01-28	19,925	19,925	Direct
Ppbi Common Stock	PPBI Restricted Stock Unit	$0.00		9,477	9,477	Direct
Ppbi Common Stock	PPBI Restricted Stock Unit	$0.00		5,746	5,746	Direct
Ppbi Common Stock	PPBI Restricted Stock Unit	$0.00		14,051	14,051	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2025-01-28	19,925	19,925	Direct
	9,477	9,477	Direct
	5,746	5,746	Direct
	14,051	14,051	Direct

Footnotes

Includes 28,285 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.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.51to $20.64, inclusive.
On May 24, 2023, the reporting person transferred 2,154 directly owned shares of PPBI common stock to The Karr Family Revocable Trust dated February 15, 2005. The reporting person shares voting and disposition control over shares held by the Trust.
Shares held by The Karr Family Revocable Trust dated February 15, 2005.
The options vests in three equal annual installments beginning on 1/2/2015.
The options vests in three equal annual installments beginning on 1/28/2016.
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, if at all, following the third anniversary of the date of grant upon confirmation of achievement of certain predetermined performance goals over a 3-year performance period. Depending on the actual performance achieved, the reporting person may receive between 0% and 200% of the targeted amount. 50% vesting will be based on the Company's 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.
Not applicable.