SEC Form 4

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* RICE TOM (Last) (First) (Middle) 17901 VON KARMAN SUITE 1200 (Street) IRVINE CA 92614 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol PACIFIC PREMIER BANCORP INC [ PPBI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) SEVP/ Chief Innovation Officer
	3. Date of Earliest Transaction (Month/Day/Year) 02/21/2019
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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	02/21/2019		M		5,000	A	$10.44	34,638(1)(2)	D
PPBI Common Stock	02/21/2019		G(3)	V	5,000	D	$0	29,638(1)(2)	D
PPBI Common Stock	02/21/2019		G(3)	V	5,000	A	$0	28,581(2)	I	By The Rice Family Trust(4)
PPBI Common Stock								3,000(2)	I	By Charles Schwab 401(k) Plan
PPBI Common Stock								3,100(2)	I	By Ameritrade 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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	$10.44	02/21/2019		M			5,000	(5)	01/02/2023	PPBI Common Stock	5,000	$0	0	D
Options on PPBI Common Stock	$15.68							(6)	01/02/2024	PPBI Common Stock	20,000		20,000	D
Options on PPBI Common Stock	$15.16							(7)	01/28/2025	PPBI Common Stock	2,964		2,964	D
PPBI Restricted Stock Unit	(8)							(8)	(9)	PPBI Common Stock	5,945		5,945	D
PPBI Restricted Stock Unit	(10)							(10)	(9)	PPBI Common Stock	364		364	D

Explanation of Responses:

1. Includes 27,038 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.

2. Adjustments made to reflect unreported changes in the form of ownership.

3. On February 21, 2019, the reporting person transferred 5,000 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.

4. These shares are held by the Trust. The reporting person shares voting and dispositive control over shares held by the Trust.

5. The options vests in three equal annual installments beginning on 1/2/2014.

6. The options vests in three equal annual installments beginning on 1/2/2015.

7. The options vests in three equal annual installments beginning on 1/28/2016.

8. Each Restricted Stock Unit represents the right to receive one share of common stock. The amount reported reflects the maximum number of Restricted Stock Units that may vest upon achievement of certain predetermined performance goals and assuming continued employment through the vesting period. The Restricted Stock Units will vest, if at all, commencing February 28, 2019. 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.

9. Not applicable.

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 26, 2018 in three installments of 1/3 of the reported number of Restricted Stock Units.

Remarks:

	Tom Rice	02/25/2019
	** 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).
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