0001028918-23-000080.txt : 20230404 0001028918-23-000080.hdr.sgml : 20230404 20230404183939 ACCESSION NUMBER: 0001028918-23-000080 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230404 DATE AS OF CHANGE: 20230404 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: 23800225 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_168064796574566.xml FORM 4 X0407 4 2023-03-31 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 0 PPBI Common Stock 2023-03-31 4 F 0 1580 24.02 D 29705 D PPBI Common Stock 2023-04-03 5 G 0 E 1420 0 D 28285 D PPBI Common Stock 2023-04-03 5 G 0 E 1420 0 A 73473 I The Karr Family Revocable Trust dated February 15, 2005 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 PPBI Restricted Stock Unit PPBI Common Stock 5746.0 5746 D PPBI Restricted Stock Unit PPBI Common Stock 9477.0 9477 D PPBI Restricted Stock Unit PPBI Common Stock 14051.0 14051 D Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Awards. Includes 28,285 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. On April 3, 2023, the reporting person transferred 1,420 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. 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, 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/ Michael S. Karr 2023-04-04