Steven R Gardner Form 4 PACIFIC PREMIER BANCORP / STEVEN R GARDNER ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

GARDNER STEVEN R

(Last) (First) (Middle)

17901 VON KARMAN AVE., SUITE 1200

(Street)

IRVINE CA 92614

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PACIFIC PREMIER BANCORP INC [ PPBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chairman, President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
PPBI Common Stock	02/27/2018		M		26,849	A	$5.01	252,664(1)	D
PPBI Common Stock	02/27/2018		S		26,849	D	$43.0801(2)	225,815(1)	D
PPBI Common Stock	02/27/2018		M		28,000	A	$7.87	253,815(1)	D
PPBI Common Stock	02/27/2018		S		28,000	D	$43.0801(2)	225,815(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options on PPBI Common Stock	$5.01	02/27/2018		M			26,849	(3)	08/27/2018	PPBI Common Stock	26,849	$5.01	0	D
Options on PPBI Common Stock	$7.87	02/27/2018		M			28,000	(4)	06/05/2022	PPBI Common Stock	28,000	$7.87	72,000	D
Options on PPBI Common Stock	$6.3							(5)	01/05/2021	PPBI Common Stock	5,000		5,000	D
Options on PPBI Common Stock	$10.44							(6)	01/02/2023	PPBI Common Stock	50,000		50,000	D
Options on PPBI Common Stock	$15.68							(7)	01/02/2024	PPBI Common Stock	50,000		50,000	D
Options on PPBI Common Stock	$15.16							(8)	01/28/2025	PPBI Common Stock	50,000		50,000	D
PPBI Restricted Stock Unit	(9)							(9)	(10)	PPBI Common Stock	4,875		4,875	D
PPBI Restricted Stock Unit	(11)							(11)	(10)	PPBI Common Stock	9,364		9,364	D

Explanation of Responses:

1. Includes 56,424 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.

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.65 to $43.725, inclusive.

3. The option vests in three equal annual installments beginning on 8/27/2009.

4. The option vests in three equal annual installments beginning on 6/5/2013.

5. The option vests in three equal annual installments beginning on 1/5/2012.

6. The option vests in three equal annual installments beginning on 1/2/2014.

7. The option vests in three equal annual installments beginning on 1/2/2015.

8. The option vests in three equal annual installments beginning on 1/28/2016.

9. Each Restricted Stock Unit represents the right to receive one share of common stock. The Restricted Stock Units will vest annually, if at all, commencing January 25, 2017 in three installments ranging between 1/5 and 1/3 of the reported number of Restricted Stock Units.

10. Not applicable.

11. Each Restricted Stock Unit represents the right to receive one share of common stock. The Restricted Stock Units will vest annually, if at all, commencing January 26, 2018 in three installments ranging between 1/5 and 1/3 of the reported number of Restricted Stock Units.

Remarks:

	Steven R. Gardner	03/01/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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