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