Ernest W. Hwang - 24 Mar 2022 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
24 Mar 2022
Net transactions value
+$287,700
Form type
4
Filing time
25 Mar 2022, 19:27:55 UTC
Previous filing
17 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 $287,700 +14,000 +93% $20.55 29,042 24 Mar 2022 Direct F1
transaction PPBI PPBI Common Stock Gift $0 -14,000 -48% $0.000000 15,042 25 Mar 2022 Direct F1, F2
transaction PPBI PPBI Common Stock Gift $0 +14,000 +21% $0.000000 81,340 25 Mar 2022 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 -14,000 -100% $0.000000* 0 24 Mar 2022 PPBI Common Stock 14,000 $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 5,000 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 March 25 2022, the reporting person transferred 14,000 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.