Form Type: 4

SEC EDGAR Link
Accession Number:0001028918-21-000121
Date:2021-03-31
Issuer: PACIFIC PREMIER BANCORP INC (PPBI)
Original Submission Date:

Reporting Person:

WILCOX EDWARD EARL
17901 VON KARMAN AVE., 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 2021-03-31 F 5,823 d $43.44 160,090 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
OPTIONS ON PPBI COMMON STOCK 10.44 2021-03-31 deemed execution date 0 ( ) 2023-01-02 ppbi common stock 2,531 $10.44 2,531 direct
OPTIONS ON PPBI COMMON STOCK 15.68 2021-03-31 deemed execution date 0 ( ) 2024-01-02 ppbi common stock 25,000 $15.68 25,000 direct
OPTIONS ON PPBI COMMON STOCK 15.16 2021-03-31 deemed execution date 0 ( ) 2025-01-28 ppbi common stock 35,000 $15.16 35,000 direct
PPBI RESTRICTED STOCK UNIT 0.0 2021-03-31 deemed execution date 0 ( ) ppbi common stock 25,126 $0.00 25,126 direct
PPBI RESTRICTED STOCK UNIT 0.0 2021-03-31 deemed execution date 0 ( ) ppbi common stock 33,174 $0.00 33,174 direct
PPBI RESTRICTED STOCK UNIT 0.0 2021-03-31 deemed execution date 0 ( ) ppbi common stock 16,419 $0.00 16,419 direct
Footnotes
IDfootnote
f1 represents shares withheld to cover the tax liability incident to the vesting of restricted stock awards.
f2 includes 46,911 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 the option vests in three equal annual installments beginning on 1/02/2014.
f4 the option vests in three equal annual installments beginning on 1/02/2015.
f5 the option vests in three equal annual installments beginning on 1/28/2016.
f6 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.
f7 not applicable.
f8 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 31, 2023. 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.
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 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.
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