0001028918-21-000018.txt : 20210226
0001028918-21-000018.hdr.sgml : 20210226
20210226122033
ACCESSION NUMBER: 0001028918-21-000018
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210224
FILED AS OF DATE: 20210226
DATE AS OF CHANGE: 20210226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RICE TOM
CENTRAL INDEX KEY: 0001576227
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-22193
FILM NUMBER: 21685977
MAIL ADDRESS:
STREET 1: 17901 VON KARMAN AVENUE
STREET 2: SUITE 1200
CITY: IRVINE
STATE: CA
ZIP: 92614
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_161436001735004.xml
FORM 4
X0306
4
2021-02-24
0
0001028918
PACIFIC PREMIER BANCORP INC
PPBI
0001576227
RICE TOM
17901 VON KARMAN
SUITE 1200
IRVINE
CA
92614
0
1
0
0
SEVP/ Chief Innovation Officer
PPBI Common Stock
2021-02-24
4
M
0
16171
15.68
A
46895
D
PPBI Common Stock
2021-02-24
4
M
0
2964
15.16
A
49859
D
PPBI Common Stock
2021-02-24
4
F
0
7234
41.26
D
42625
D
PPBI Common Stock
2021-02-24
5
G
0
E
11901
0
D
30724
D
PPBI Common Stock
2021-02-24
5
G
0
E
11901
0
A
56266
I
By The Rice Family Trust
Options on PPBI Common Stock
15.68
2021-02-24
4
M
0
16171
0
D
2024-01-02
PPBI Common Stock
16171.0
0
D
Options on PPBI Common Stock
15.16
2021-02-24
4
M
0
2964
0
D
2025-01-28
PPBI Common Stock
2964.0
0
D
PPBI Restricted Stock Unit
PPBI Common Stock
5945.0
5945
D
PPBI Restricted Stock Unit
PPBI Common Stock
9213.0
9213
D
Includes 28,124 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.
On February 26, 2021, the reporting person transferred 11,901 directly owned shares of PPBI common stock to the Rice Family Trust, dated March 28, 2018 (the "Trust"), Tom Rice, Co-Trustee. The reporting person shares voting and disposition control over shares held by the Trust.
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.
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.
Not applicable.
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.
/s/ Tom Rice
2021-02-26