0001028918-19-000137.txt : 20191120 0001028918-19-000137.hdr.sgml : 20191120 20191120192459 ACCESSION NUMBER: 0001028918-19-000137 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191118 FILED AS OF DATE: 20191120 DATE AS OF CHANGE: 20191120 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GARDNER STEVEN R CENTRAL INDEX KEY: 0001267342 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22193 FILM NUMBER: 191235394 MAIL ADDRESS: STREET 1: 12131 ORVILLINA DRIVE CITY: SANTA ANA STATE: CA ZIP: 92705 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_157429588382215.xml FORM 4 X0306 4 2019-11-18 0 0001028918 PACIFIC PREMIER BANCORP INC PPBI 0001267342 GARDNER STEVEN R 17901 VON KARMAN AVE., SUITE 1200 IRVINE CA 92614 1 1 0 0 Chairman, President & CEO PPBI Common Stock 2019-11-18 4 M 0 1100 10.44 A 285997 D PPBI Common Stock 2019-11-18 4 M 0 50000 15.68 A 335997 D PPBI Common Stock 2019-11-18 4 S 0 29574 32.562 D 306423 D PPBI Common Stock 2019-11-19 4 M 0 43404 15.16 A 349827 D PPBI Common Stock 2019-11-19 4 S 0 15444 32.694 D 334383 D PPBI Common Stock 2019-11-20 4 S 0 6800 32.276 D 327583 D Options on PPBI Common Stock 10.44 2019-11-18 4 M 0 1100 0 D 2023-01-02 PPBI Common Stock 1100.0 0 D Options on PPBI Common Stock 15.68 2019-11-18 4 M 0 50000 0 D 2024-01-02 PPBI Common Stock 50000.0 0 D Options on PPBI Common Stock 15.16 2019-11-19 4 M 0 43404 0 D 2025-01-28 PPBI Common Stock 43404.0 0 D PPBI Restricted Stock Unit PPBI Common Stock 3698.0 3698 D PPBI Restricted Stock Unit PPBI Common Stock 26754.0 26754 D PPBI Restricted Stock Unit PPBI Common Stock 54439.0 54439 D Includes 86,320 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. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.40 to $32.70, inclusive. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.57 to $32.76, inclusive. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.04 to $32.36, inclusive. The option vests in three equal annual installments beginning on 1/2/2014. The option vests in three equal annual installments beginning on 1/2/2015. The option 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 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. The amount reported represents unvested Restricted Stock Units that have not otherwise been forfeited. Not applicable. 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 upon achievement of certain predetermined performance goals and assuming continued employment through the vesting period. Depending on the actual performance achieved, the reporting person may receive between 0% and 200% of such targeted amount. The Restricted Stock Units will vest, if at all, on February 28, 2021. 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. 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 upon achievement of certain predetermined performance goals and assuming continued employment through the vesting period. Depending on the actual performance achieved, the reporting person may receive between 0% and 200% of such targeted amount. The Restricted Stock Units will vest, if at all, on February 28, 2022. 50% 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 ("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. /s/ Steven R. Gardner 2019-11-20