Ernest W. Hwang - Mar 24, 2022 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Role
SEVP & Head of Spec. Banking
Signature
/s/ Ernest W Hwang
Stock symbol
PPBI
Transactions as of
Mar 24, 2022
Transactions value $
$287,700
Form type
4
Date filed
3/25/2022, 07:27 PM
Previous filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPBI PPBI Common Stock Options Exercise $288K +14K +93.07% $20.55 29K Mar 24, 2022 Direct F1
transaction PPBI PPBI Common Stock Gift $0 -14K -48.21% $0.00 15K Mar 25, 2022 Direct F1, F2
transaction PPBI PPBI Common Stock Gift $0 +14K +20.79% $0.00 81.3K Mar 25, 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 -14K -100% $0.00* 0 Mar 24, 2022 PPBI Common Stock 14K $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.