0001028918-23-000139.txt : 20231221
0001028918-23-000139.hdr.sgml : 20231221
20231221165826
ACCESSION NUMBER: 0001028918-23-000139
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231219
FILED AS OF DATE: 20231221
DATE AS OF CHANGE: 20231221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Karr Michael S
CENTRAL INDEX KEY: 0001509690
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-22193
FILM NUMBER: 231506000
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]
ORGANIZATION NAME: 02 Finance
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
wk-form4_1703195894.xml
FORM 4
X0508
4
2023-12-19
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
2023-12-19
4
M
0
19925
15.16
A
48210
D
PPBI Common Stock
2023-12-19
4
S
0
13630
29.35
D
34580
D
PPBI Common Stock
2023-12-21
4
G
0
6295
0
D
28285
D
PPBI Common Stock
2023-12-21
4
G
0
6295
0
A
81922
I
The Karr Family Revocable Trust dated February 15, 2005
Options on PPBI Common Stock
15.16
2023-12-19
4
M
0
19925
0
D
2025-01-28
PPBI Common Stock
19925
0
D
PPBI Restricted Stock Unit
PPBI Common Stock
9477
9477
D
PPBI Restricted Stock Unit
PPBI Common Stock
5746
5746
D
PPBI Restricted Stock Unit
PPBI Common Stock
14051
14051
D
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.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.32 to $29.44, inclusive.
On December 21, 2023, the reporting person transferred 6,295 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 1/28/2016.
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
2023-12-21