Ronald J. Nicolas Jr. - Mar 31, 2022 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role: SEVP & CFO
Signature: /s/ Ronald J. Nicolas Jr.
Stock symbol: PPBI
Transactions as of: Mar 31, 2022
Transactions value $: -$205,843
Form type: 4
Date filed: 4/1/2022, 06:24 PM
Previous filing: Mar 17, 2022
Next filing: Mar 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PPBI	PPBI Common Stock	Tax liability	-$206K	-5.82K	-11.3%	$35.35	45.7K	Mar 31, 2022	Direct	F1, F2
transaction	PPBI	PPBI Common Stock	Gift	$0	-5.24K	-11.45%	$0.00	40.5K	Apr 1, 2022	Direct	F2, F3
transaction	PPBI	PPBI Common Stock	Gift	$0	+5.24K	+10.81%	$0.00	53.6K	Apr 1, 2022	The Nicolas Living Trust	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
holding	PPBI	PPBI Restricted Stock Unit						33.2K	Mar 31, 2022	PPBI Common Stock	33.2K		Direct	F4, F5
holding	PPBI	PPBI Restricted Stock Unit						13.7K	Mar 31, 2022	PPBI Common Stock	13.7K		Direct	F4, F5
holding	PPBI	PPBI Restricted Stock Unit						20.3K	Mar 31, 2022	PPBI Common Stock	20.3K		Direct	F4, F5

* 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 40,489 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	On April 1, 2022, the reporting person transferred 5,235 directly owned shares of PPBI common stock to The Nicolas Living Trust under agreement date 8/8/2006 (the "Trust"), Ronald J. Nicolas, Jr., Co-Trustee. The reporting person shares voting and dispositive control over shares held by the Trust.
F4	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.
F5	Not applicable.