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