| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
PACIFIC PREMIER BANCORP INC [ PPBI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/13/2017 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| PPBI Common Stock | 09/13/2017 | M | 10,000 | A | $7.1 | 54,400(1) | D | |||
| PPBI Common Stock | 09/13/2017 | F | 2,037(2) | D | $34.85 | 52,363(1) | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Options on PPBI Common Stock | $7.1 | 09/13/2017 | M | 10,000 | (3) | 01/02/2018 | PPBI Common Stock | 10,000 | $7.1 | 0 | D | ||||
| Options on PPBI Common Stock | $5.01 | (4) | 08/27/2018 | PPBI Common Stock | 10,000 | 10,000 | D | ||||||||
| Options on PPBI Common Stock | $6.3 | (5) | 01/05/2021 | PPBI Common Stock | 2,000 | 2,000 | D | ||||||||
| Options on PPBI Common Stock | $7.87 | (6) | 06/05/2022 | PPBI Common Stock | 25,000 | 25,000 | D | ||||||||
| Options on PPBI Common Stock | $15.68 | (7) | 01/02/2024 | PPBI Common Stock | 20,000 | 20,000 | D | ||||||||
| Options on PPBI Common Stock | $15.16 | (8) | 01/28/2025 | PPBI Common Stock | 25,000 | 25,000 | D | ||||||||
| Options on PPBI Common Stock | $10.44 | (9) | 01/02/2023 | PPBI Common Stock | 25,000 | 25,000 | D | ||||||||
| PPBI Restricted Stock Unit | (10) | (10) | (11) | PPBI Common Stock | 1,500 | 1,500 | D | ||||||||
| PPBI Restricted Stock Unit | (12) | (12) | (11) | PPBI Common Stock | 1,092 | 1,092 | D | ||||||||
| Explanation of Responses: |
| 1. Includes 26,878 shares of restricted stock subject to a vesting schedule set forth in the restricted stock grant and subject to forfeiture upon occurrence of certain events specified in the restricted stock grant. |
| 2. Represents the surrender of already-owned shares on 9/13/2017 to cover payment of option exercise price. |
| 3. The option vests in three equal annual installments beginning on 1/2/2009 |
| 4. The options vests in three equal annual installments beginning on 8/27/2009. |
| 5. The options vests in three equal annual installments beginning on 1/5/2012. |
| 6. The options vests in three equal annual installments beginning on 6/5/2013. |
| 7. The options vests in three equal annual installments beginning on 1/2/2015. |
| 8. The options vests in three equal annual installments beginning on 1/28/2016. |
| 9. The options vests in three equal annual installments beginning on 1/2/2014. |
| 10. 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 25, 2017 in three installments ranging between 1/5 and 1/3 of the reported number of Restricted Stock Units. |
| 11. Not applicable. |
| 12. 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 ranging between 1/5 and 1/3 of the reported number of Restricted Stock Units. |
| Remarks: |
| Michael S. Karr | 09/15/2017 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||