0001028918-20-000011.txt : 20200128 0001028918-20-000011.hdr.sgml : 20200128 20200128210528 ACCESSION NUMBER: 0001028918-20-000011 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200126 FILED AS OF DATE: 20200128 DATE AS OF CHANGE: 20200128 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Karr Michael S CENTRAL INDEX KEY: 0001509690 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22193 FILM NUMBER: 20556139 MAIL ADDRESS: STREET 1: 1600 SUNFLOWER AVE CITY: COSTA MESA STATE: CA ZIP: 92626 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC PREMIER BANCORP INC CENTRAL INDEX KEY: 0001028918 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 330743196 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 17901 VON KARMAN AVE STREET 2: SUITE 1200 CITY: IRVINE STATE: CA ZIP: 92614 BUSINESS PHONE: 949-864-8000 MAIL ADDRESS: STREET 1: 17901 VON KARMAN AVE STREET 2: SUITE 1200 CITY: IRVINE STATE: CA ZIP: 92614 4 1 wf-form4_158026351033485.xml FORM 4 X0306 4 2020-01-26 0 0001028918 PACIFIC PREMIER BANCORP INC PPBI 0001509690 Karr Michael S 17901 VON KARMAN SUITE 1200 IRVINE CA 92614 0 1 0 0 SEVP & Chief Risk Officer PPBI Common Stock 2020-01-26 4 M 0 364 A 61706 D PPBI Common Stock 2020-01-26 4 M 0 8 A 61714 D PPBI Common Stock 2020-01-26 4 F 0 865 31.34 D 60849 D PPBI Restricted Stock Unit 2020-01-26 4 M 0 364 0 D PPBI Common Stock 364.0 8 D Dividend Equivalent Rights 2020-01-26 4 M 0 8 D PPBI Common Stock 8.0 0 D PPBI Restricted Stock Unit PPBI Common Stock 4756.0 4756 D PPBI Restricted Stock Unit PPBI Common Stock 8375.0 8375 D Options on PPBI Common Stock 6.3 2021-01-05 PPBI Common Stock 2000.0 2000 D Options on PPBI Common Stock 7.87 2022-06-05 PPBI Common Stock 25000.0 25000 D Options on PPBI Common Stock 10.44 2023-01-02 PPBI Common Stock 25000.0 25000 D Options on PPBI Common Stock 15.68 2024-01-02 PPBI Common Stock 20000.0 20000 D Options on PPBI Common Stock 15.16 2025-01-28 PPBI Common Stock 25000.0 25000 D Restricted Stock Units convert into common stock on a one-for-one basis. Each dividend equivalent right is the economic equivalent of one share of common stock. Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Units, Restricted Stock Awards and dividend equivalent rights. Includes 11,546 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. Represents Restricted Stock Units that vested upon predetermined performance goals. Not applicable. Dividend equivalent rights accrue on the reporting person's Restricted Stock Units and become vested proportionately with the Restricted Stock Units. 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 Index. 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. The options vests in three equal annual installments beginning on 1/5/2012. The options vests in three equal annual installments beginning on 6/5/2013. The options vests in three equal annual installments beginning on 1/2/2014. 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. /s/ Michael S. Karr 2020-01-28