Michael S. Karr - 31 Mar 2022 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role
SEVP & Chief Risk Officer
Signature
/s/ Michael S. Karr
Issuer symbol
PPBI
Transactions as of
31 Mar 2022
Net transactions value
-$55,853
Form type
4
Filing time
01 Apr 2022, 18:24:12 UTC
Previous filing
17 Mar 2022
Next filing
17 Mar 2023
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 Tax liability $55,853 -1,580 -1.7% $35.35 91,970 31 Mar 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 15,002 31 Mar 2022 PPBI Common Stock 15,002 $15.68 Direct F3
holding PPBI Options on PPBI Common Stock 19,925 31 Mar 2022 PPBI Common Stock 19,925 $15.16 Direct F4
holding PPBI PPBI Restricted Stock Unit 5,746 31 Mar 2022 PPBI Common Stock 5,746 Direct F5, F6
holding PPBI PPBI Restricted Stock Unit 9,477 31 Mar 2022 PPBI Common Stock 9,477 Direct F5, F6
* 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 22,308 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 options vests in three equal annual installments beginning on 1/2/2015.
F4 The options 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, 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.
F6 Not applicable.