0001028918-23-000049.txt : 20230317
0001028918-23-000049.hdr.sgml : 20230317
20230317195209
ACCESSION NUMBER: 0001028918-23-000049
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230315
FILED AS OF DATE: 20230317
DATE AS OF CHANGE: 20230317
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: 23744566
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_167909711826539.xml
FORM 4
X0306
4
2023-03-15
0
0001028918
PACIFIC PREMIER BANCORP INC
PPBI
0001509690
Karr Michael S
17901 VON KARMAN AVE., SUITE 1200
IRVINE
CA
92614
0
1
0
0
SEVP & Chief Risk Officer
PPBI Common Stock
2023-03-15
4
A
0
14051
0
A
58672
D
PPBI Common Stock
2023-03-15
4
F
0
2673
24.91
D
55999
D
PPBI Common Stock
2023-03-16
5
G
0
E
24714
0
D
31285
D
PPBI Common Stock
2023-03-15
5
G
0
E
24714
0
A
72053
I
The Karr Family Revocable Trust dated February 15, 2005
PPBI Restricted Stock Unit
2023-03-15
4
A
0
14051
0
A
PPBI Common Stock
14051.0
14051
D
PPBI Restricted Stock Unit
PPBI Common Stock
5746.0
5746
D
PPBI Restricted Stock Unit
PPBI Common Stock
9477.0
9477
D
Options on PPBI Common Stock
15.68
2024-01-02
PPBI Common Stock
15002.0
15002
D
Options on PPBI Common Stock
15.16
2025-01-28
PPBI Common Stock
19925.0
19925
D
Restricted Stock with an evenly distributed 3-year vesting schedule.
Includes 31,285 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.
Reflects an adjustment to the total number of shares previously reported by the reporting person after a reconciliation of such person's ownership records. The reporting person previously inadvertently overreported aggregate beneficial ownership in column 5 of Table I by 10 shares. Additionally, shares held by The Karr Family Revocable Trust dated February 15, 2005 were previously inadvertently reported as directly beneficially owned by the reporting person and are now reported as indirectly beneficially owned.
Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Awards.
On March 16, 2023, the reporting person transferred 24,714 directly owned shares of PPBI common stock to The Karr Family Revocable Trust dated February 15, 2005. The reporting person shares voting and disposition control over shares held by the Trust.
Shares held by The Karr Family Revocable Trust dated February 15, 2005.
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.
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
2023-03-17