PPBI Pacific Premier Bancorp Inc

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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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 * Karr Michael S	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 Risk Officer
(Last)          (First)          (Middle) 17901 VON KARMAN, SUITE 1200	3. Date of Earliest Transaction (MM/DD/YYYY) 3/31/2020
(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	3/31/2020		A		15000 (1)	A	$0	74293 (2)	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							(3)	1/5/2021	PPBI Common Stock	2000.0		2000	D
Options on PPBI Common Stock	$7.87							(4)	6/5/2022	PPBI Common Stock	25000.0		25000	D
Options on PPBI Common Stock	$10.44							(5)	1/2/2023	PPBI Common Stock	25000.0		25000	D
Options on PPBI Common Stock	$15.68							(6)	1/2/2024	PPBI Common Stock	20000.0		20000	D
Options on PPBI Common Stock	$15.16							(7)	1/28/2025	PPBI Common Stock	25000.0		25000	D
PPBI Restricted Stock Unit	(8)							(8)	(9)	PPBI Common Stock	4756.0		4756	D
PPBI Restricted Stock Unit	(10)							(10)	(9)	PPBI Common Stock	8375.0		8375	D

Explanation of Responses:
(1)	Restricted Stock with an evenly distributed 5-year vesting schedule.
(2)	Includes 22,170 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.
(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 6/5/2013.
(5)	The options vests in three equal annual installments beginning on 1/2/2014.
(6)	The options vests in three equal annual installments beginning on 1/2/2015.
(7)	The options vests in three equal annual installments beginning on 1/28/2016.
(8)	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 upon achievement of certain predetermined performance goals and assuming continued employment through the vesting period. Depending on the actual performance achieved, the reporting person may receive between 0% and 200% of such targeted amount. The Restricted Stock Units will vest, if at all, on February 28, 2021. 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.
(9)	Not applicable.
(10)	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 upon achievement of certain predetermined performance goals and assuming continued employment through the vesting period. Depending on the actual performance achieved, the reporting person may receive between 0% and 200% of such targeted amount. The Restricted Stock Units will vest, if at all, on February 28, 2022. 50% 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 ("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.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Karr Michael S 17901 VON KARMAN SUITE 1200 IRVINE, CA 92614			SEVP & Chief Risk Officer

Signatures
/s/ Michael S. Karr		4/2/2020
**Signature of Reporting Person		Date