Edward Wilcox - Feb 10, 2023 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 10, 2023
Transactions value $
-$634,220
Form type
4
Date filed
2/13/2023, 04:36 PM
Previous filing
Apr 1, 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 Sale -$634K -19K -11% $33.38 154K Feb 10, 2023 Direct F1, F2
holding PPBI PPBI Common Stock 25.3K Feb 10, 2023 By 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 Options on PPBI Common Stock 18.9K Feb 10, 2023 PPBI Common Stock 18.9K $15.68 Direct F4
holding PPBI Options on PPBI Common Stock 30.5K Feb 10, 2023 PPBI Common Stock 30.5K $15.16 Direct F5
holding PPBI PPBI Restricted Stock Unit 33.2K Feb 10, 2023 PPBI Common Stock 33.2K Direct F6, F7
holding PPBI PPBI Restricted Stock Unit 16.4K Feb 10, 2023 PPBI Common Stock 16.4K Direct F6, F7
holding PPBI PPBI Restricted Stock Unit 23K Feb 10, 2023 PPBI Common Stock 23K Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.34 to $33.43, inclusive.
F2 Includes 45,021 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 Shares held by The Wilcox Family Trust, Edward and Kristen Wilcox, Trustees, the beneficiaries of which are the reporting person's children.
F4 The option vests in three equal annual installments beginning on 1/02/2015.
F5 The option vests in three equal annual installments beginning on 1/28/2016.
F6 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.
F7 Not applicable.