Form Type: 4

SEC EDGAR Link
Accession Number:0001028918-21-000089
Date:2021-03-15
Issuer: PACIFIC PREMIER BANCORP INC (PPBI)
Original Submission Date:

Reporting Person:

RICE TOM
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 2021-03-15 A 5,746 a $0.00 31,417 direct
PPBI COMMON STOCK 2021-03-15 0 $0.00 61,480 indirect
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 2021-03-15 deemed execution date A 5,746 (a) ppbi common stock 5,746 $0.00 5,746 direct
PPBI RESTRICTED STOCK UNIT 0.0 2021-03-15 deemed execution date 0 ( ) ppbi common stock 9,213 $0.00 9,213 direct
Footnotes
IDfootnote
f1 restricted stock with an evenly distributed 3-year vesting schedule.
f2 includes 28,817 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.
f3 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 march 15, 2024. 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.
f4 not applicable.
f5 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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