Edward Wilcox - Feb 28, 2022 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role
President & COO
Signature
/s/ Edward Earl Wilcox
Stock symbol
PPBI
Transactions as of
Feb 28, 2022
Transactions value $
-$172,027
Form type
4
Date filed
3/2/2022, 06:26 PM
Previous filing
Nov 1, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPBI PPBI Common Stock Tax liability -$172K -4.44K -2.63% $38.71 164K Feb 28, 2022 Direct F1, F2

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
holding PPBI Options on PPBI Common Stock 18.9K Feb 28, 2022 PPBI Common Stock 18.9K $15.68 Direct F3
holding PPBI Options on PPBI Common Stock 30.5K Feb 28, 2022 PPBI Common Stock 30.5K $15.16 Direct F4
holding PPBI PPBI Restricted Stock Unit 25.1K Feb 28, 2022 PPBI Common Stock 25.1K Direct F5, F6
holding PPBI PPBI Restricted Stock Unit 33.2K Feb 28, 2022 PPBI Common Stock 33.2K Direct F6, F7
holding PPBI PPBI Restricted Stock Unit 16.4K Feb 28, 2022 PPBI Common Stock 16.4K Direct F6, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to cover the tax liability incident to the vesting of Restricted Stock Awards.
F2 Includes 38,535 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.
F3 The option vests in three equal annual installments beginning on 1/02/2015.
F4 The option vests in three equal annual installments beginning on 1/28/2016.
F5 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.
F6 Not applicable.
F7 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 March 31, 2023. 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.
F8 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 March 15, 2024. 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.