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Filing Details

Accession Number:: 0001028918-23-000131
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-12-01 17:12:33
Reporting Period:: 2023-11-29

Accepted Time:: 2023-12-01 17:12:33
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
1261667	Earl Edward Wilcox	17901 Von Karman Ave., Suite 1200 Irvine CA 92614	President & Coo	No	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	Acquisiton	2023-11-29	18,892	$15.68	217,038	No	4	M	Direct
Ppbi Common Stock	Disposition	2023-11-29	16,415	$22.77	200,623	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Ppbi Common Stock	Options on PPBI Common Stock	Disposition	2023-11-29	18,892	$15.68	18,892	$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 Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Ppbi Common Stock	25,347	Indirect	By Trust

Reported Derivative Holdings

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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	30,499	30,499	Direct
Ppbi Common Stock	PPBI Restricted Stock Unit	$0.00		16,419	16,419	Direct
Ppbi Common Stock	PPBI Restricted Stock Unit	$0.00		23,017	23,017	Direct
Ppbi Common Stock	PPBI Restricted Stock Unit	$0.00		34,123	34,123	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2025-01-28	30,499	30,499	Direct
	16,419	16,419	Direct
	23,017	23,017	Direct
	34,123	34,123	Direct

Footnotes

Includes 54,941 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 $22.75 to $22.82, inclusive.
Shares held by The Wilcox Family Trust, Edward and Kristen Wilcox, Trustees, the beneficiaries of which are the reporting person's children.
The option vests in three equal annual installments beginning on 1/02/2015.
The option 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.