0001028918-22-000089.txt : 20220317 0001028918-22-000089.hdr.sgml : 20220317 20220317210428 ACCESSION NUMBER: 0001028918-22-000089 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220315 FILED AS OF DATE: 20220317 DATE AS OF CHANGE: 20220317 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: 22750836 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_164756544961585.xml FORM 4 X0306 4 2022-03-15 0 0001028918 PACIFIC PREMIER BANCORP INC PPBI 0001576227 RICE TOM 17901 VON KARMAN AVE., SUITE 1200 IRVINE CA 92614 0 1 0 0 SEVP/ Chief Innovation Officer PPBI Common Stock 2022-03-15 4 A 0 9477 0 A 33823 D PPBI Common Stock 2022-03-15 4 M 0 14087 A 47910 D PPBI Common Stock 2022-03-15 4 M 0 1461 A 49371 D PPBI Common Stock 2022-03-15 4 F 0 8969 36.93 D 40402 D PPBI Common Stock 2022-03-17 5 G 0 E 8494 0 D 31908 D PPBI Common Stock 2022-03-17 5 G 0 E 8494 0 A 73309 I By The Rice Family Trust PPBI Restricted Stock Unit 2022-03-15 4 A 0 9477 0 A PPBI Common Stock 9477.0 9477 D PPBI Restricted Stock Unit 2022-03-15 4 M 0 9213 0 D PPBI Common Stock 9213.0 0 D Dividend Equivalent Rights 2022-03-15 4 M 0 1461 D PPBI Common Stock 1461.0 0 D PPBI Restricted Stock Unit PPBI Common Stock 5746.0 5746 D Restricted Stock with an evenly distributed 3-year vesting schedule. On February 28, 2019, Reporting Person was granted Restricted Stock Units which convert into common stock on a one-for-one basis, the vesting of which was conditioned upon the achievement of certain performance goals. On March 15, 2022, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 14,087 shares of common stock. Each dividend equivalent right is the economic equivalent of one share of common stock. Dividend equivalent rights accrue on the reporting person's Restricted Stock Units and become vested proportionately with the Restricted Stock Units. Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Units, Restricted Stock Awards and dividend equivalent rights. Includes 29,308 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 March 17, 2022, the reporting person transferred 8,494 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 dispositive control over shares held by the Trust. 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, if at all, following the third anniversary of the date of grant upon confirmation of achievement of certain predetermined performance goals over a 3-year performance period. Depending on the actual performance achieved, the reporting person may receive between 0% and 200% of the targeted amount. 50% vesting will be based on the Company's 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. Not applicable. /s/ Tom Rice 2022-03-17