FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

RICE TOM
2. Issuer Name and Ticker or Trading Symbol

PACIFIC PREMIER BANCORP INC [ PPBI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
SEVP & Chief Operating Officer
(Last)          (First)          (Middle)

17901 VON KARMAN, SUITE 1200
3. Date of Earliest Transaction (MM/DD/YYYY)

12/3/2018
(Street)

IRVINE, CA 92614
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   12/3/2018     M    2000   A $6.30   54258   (1) D    
PPBI Common Stock   12/3/2018     M    5000   A $6.26   59258   (1) D    
PPBI Common Stock   12/3/2018     F    1418   (2) D $30.94   57840   (1) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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   $6.3   12/3/2018     M         2000      (3) 1/5/2021   PPBI Common Stock   2000.0   $6.30   0   D    
Options on PPBI Common Stock   $6.26   12/3/2018     M         5000      (4) 12/14/2021   PPBI Common Stock   5000.0   $0   0   D    
Options on PPBI Common Stock   $15.16                      (5) 1/28/2025   PPBI Common Stock   2964.0     2964   D    
Options on PPBI Common Stock   $15.68                      (6) 1/2/2024   PPBI Common Stock   20000.0     20000   D    
PPBI Restricted Stock Unit     (7)                    (7)   (8) PPBI Common Stock   750.0     750   D    
PPBI Restricted Stock Unit     (9)                    (9)   (8) PPBI Common Stock   5945.0     5945   D    
PPBI Restricted Stock Unit     (10)                    (10)   (8) PPBI Common Stock   728.0     728   D    

Explanation of Responses:
(1)  Includes 29,931 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)  Represents the surrender of already owned shares on December 3, 2018 to cover payment of option exercise price.
(3)  The options vests in three equal annual installments beginning on 1/5/2012.
(4)  The options vests in three equal annual installments beginning on 12/14/2012.
(5)  The options vests in three equal annual installments beginning on 1/28/2016.
(6)  The options vests in three equal annual installments beginning on 1/2/2015.
(7)  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 between1/5 and 1/3 of the reported number of Restricted Stock Units.
(8)  Not applicable.
(9)  Each Restricted Stock Unit represents the right to receive one share of common stock. The amount reported reflects the maximum number of Restricted Stock Units that may vest upon achievement of certain predetermined performance goals and assuming continued employment through the vesting period. The Restricted Stock Units will vest annually, if at all, commencing February 28, 2019. Vesting will be tied entirely to performance, measured by a 3-year average relative total shareholder return percentile range compared to the Keefe, Bruyette & Woods, Inc. Regional Banking Index.
(10)  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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
RICE TOM
17901 VON KARMAN
SUITE 1200
IRVINE, CA 92614


SEVP & Chief Operating Officer

Signatures
Tom Rice 12/6/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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