Ernest W. Hwang - 18 Aug 2021 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role
SEVP & Head of Spec. Banking
Signature
/s/ Ernest W Hwang
Issuer symbol
PPBI
Transactions as of
18 Aug 2021
Net transactions value
+$8,261
Form type
4
Filing time
20 Aug 2021, 17:02:53 UTC
Next filing
04 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPBI PPBI Common Stock Options Exercise $8,261 +402 +3.2% $20.55 12,944 18 Aug 2021 Direct F1
transaction PPBI PPBI Common Stock Gift $0 -402 -3.1% $0.000000 12,542 20 Aug 2021 Direct F1, F2
transaction PPBI PPBI Common Stock Gift $0 +402 +0.61% $0.000000 66,242 20 Aug 2021 By Trust F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PPBI Options on PPBI Common Stock Options Exercise $0 -402 -2.7% $0.000000 14,598 18 Aug 2021 PPBI Common Stock 402 $20.55 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 7,500 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.
F2 On August 20 2021, the reporting person transferred 402 directly owned shares of PPBI common stock to the The Ernest and Kathryn Hwang Trust, (the "Trust"), Ernest Hwang, Co-Trustee. The reporting person shares voting and disposition control over shares held by the Trust.
F3 Shares held of record by The Ernest and Kathryn Hwang Trust, Ernest and Kathryn Hwang, Trustees, the sole beneficiary of which is the reporting person's child.
F4 The options vests in three equal annual installments beginning on 2/28/2017.