Document:

Exhibit

Exhibit 4.2

DESCRIPTION OF REGISTRANT’S SECURITIES
As of December 31, 2019, Pacific Premier Bancorp, Inc. (the “Company,” “we,” or “our”) had one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): our common stock, par value $0.01 per share (“common stock”).
DESCRIPTION OF COMMON STOCK
General
The following description of the current terms of our common stock is a summary and is not meant to be complete. It is qualified in its entirety by reference to the Delaware General Corporation Law (the “DGCL”), federal law, our Second Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”) and our Amended and Restated Bylaws (the “Bylaws”).
Authorized Capital Stock
The Certificate of Incorporation authorizes 150,000,000 shares of common stock.
Voting Rights
Each holder of our common stock is entitled to one vote for each share held on all matters submitted to a vote of the stockholders.
No Preemptive or Similar Rights
Holders of our common stock are not entitled to preemptive rights and have no subscription, redemption or conversion privileges.
Dividend Rights
Each holder of our common stock is entitled to receive ratably such dividends as may be declared by our Board of Directors (the “Board”) out of funds legally available for dividends, subject to preferences that may be applicable to outstanding shares of preferred stock, if any, or limitations and restrictions under applicable bank holding company regulations.
Liquidation Rights
Each holder of our common stock is entitled to share ratably in the Company’s net assets, legally available to holders of our common stock in the event of the Company’s liquidation, dissolution or winding up, after payment in full of all amounts required to be paid to any holders of shares of preferred stock and to creditors (unless provision for such payment has been made).
Anti-takeover Provisions
Delaware Anti‐Takeover Law.
As a Delaware corporation, the Company is subject to Section 203 of the DGCL, which generally prevents an interested stockholder, defined generally as a person owning 15% or more of a corporation’s outstanding voting stock, from engaging in a business combination with the Company for three (3) years following the date that person became an interested stockholder, unless certain specified conditions are satisfied. The existence of this provision 

may have an anti‐takeover effect with respect to transactions not approved in advance by the Board, including discouraging attempts that might result in a premium over the market price for the shares of the Company’s common stock held by stockholders.
Possible Future Issuance of Preferred Stock.
The Board can at any time issue one or more new series of preferred stock pursuant to the Certificate of Incorporation and without stockholder approval. In some cases, the issuance of preferred stock could discourage or make more difficult attempts to take control of the Company through a merger, tender offer, proxy context or otherwise. Shares of our preferred stock with special voting rights or other features issued to persons favoring the Company’s management could stop a takeover by preventing the person trying to take control of the Company from acquiring enough voting shares to take control.
Removal and Vacancies on the Board.
Subject to the rights of the holders of any series of our preferred stock then outstanding, directors may be removed by the Company’s stockholders, with or without cause, by the affirmative vote of at least 662/3% of the voting power of all of the then‐outstanding shares of capital stock of the Company entitled to vote generally in the election of directors, voting together as a single class. Further, any newly created directorships resulting from any increase in the authorized number of directors or any vacancies on the board resulting from death, resignation, retirement, removal or other cause may be filled only by a majority vote of the directors then in office, whether or not a quorum is present. These provisions may deter a stockholder from removing incumbent directors and from simultaneously gaining control of the Board by filling the resulting vacancies with its own nominees. Consequently, the existence of these provisions may have the effect of deterring hostile takeovers, which could depress the market price of our common stock.
Advance Notice Requirements for Stockholder Proposals and Director Nominations.
The Bylaws provide that stockholders seeking to nominate candidates for election as directors or to bring business before an annual meeting of stockholders must provide timely notice of their proposal in writing to the corporate secretary. Generally, to be timely, a stockholder’s notice must be received at the Company’s principal executive offices not less than ninety (90) days nor more than one hundred twenty (120) days prior to the first anniversary date of the previous year’s annual meeting. The Bylaws also specify requirements as to the form and content of a stockholder’s notice. The Bylaws also provide that notice may be provided by stockholders to the Company in accordance with the U.S. Securities and Exchange Commission’s rules. These provisions may impede stockholders’ ability to bring matters before an annual meeting of stockholders or make nominations for directors at an annual meeting of stockholders.
Additional Provisions in the Certificate of Incorporation and Bylaws.
Our Certificate of Incorporation and the Bylaws contain additional provisions that may be deemed to have the effect of discouraging or delaying attempts to gain control of the Company, including provisions that provide: (i) the Board with the exclusive power to fix from time to time the size of the Board; (ii) for any action required or permitted to be taken by the Company’s stockholders to be taken only at an annual or special meeting and prohibit stockholder action by written consent in lieu of a meeting; (iii) for special meetings of stockholders to be called only by the Board; and (iv) for certain of the foregoing provisions to be amended only by the affirmative vote of at least 662/3% of the voting power of all of the then‐outstanding shares of capital stock of the Company entitled to vote generally in an election of directors, voting together as a single class.
Our Certificate of Incorporation and the Bylaws also include provisions that provide: (i) the Company’s stockholders holding at least 10% of the outstanding common stock are permitted to call a special meeting of stockholders, subject to applicable law and the requirements set forth in the Bylaws; (ii) the Company’s stockholders are allowed to take actions by written consent without holding a meeting, subject to applicable law and 

the requirements set forth in the Bylaws; and (iii) the required vote of the Company’s stockholders needed to amend the Certificate of Incorporation and the Bylaws is a simple majority vote of the outstanding shares eligible to vote.
Restrictions on Ownership
The Bank Holding Company Act of 1956, as amended (the “BHC Act”), generally prohibits any company that is not engaged in banking activities and activities that are permissible for a bank holding company or a financial holding company from acquiring control of a bank holding company, such as the Company. “Control” is generally defined as ownership of 25% or more of the voting stock or other exercise of a controlling influence. Any existing bank holding company would need the prior approval of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) before acquiring 5% or more of the voting stock of the Company. In addition, the Change in Bank Control Act of 1978, as amended, prohibits a person or group of persons from acquiring control of a bank holding company unless the Federal Reserve has been notified and has not objected to the transaction. Under a rebuttable presumption established by the Federal Reserve, the acquisition of 10% or more of a class of voting stock of a bank holding company with a class of securities registered under Section 12 of the Exchange Act, such as the Company, could constitute acquisition of control of the bank holding company.
Stock Exchange Listing
Our common stock is listed on the NASDAQ Global Select Market under the symbol “PPBI.”
Transfer Agent and Registrar
The transfer agent and registrar for our common stock is American Stock Transfer & Trust Company.EX-4.2

 EXHIBIT 4.2 

DESCRIPTION OF THE REGISTRANT’S SECURITIES 

REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES 

EXCHANGE ACT OF 1934 

Vicor Corporation (“Vicor” or the “Company”) has two classes of common stock outstanding: shares of Common Stock, par
value $0.01 per share (“Common Stock”), which are registered pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and listed on The NASDAQ Stock Market LLC under the ticker
symbol “VICR”, and shares of our Class B Common Stock, par value $0.01 per share (“Class B Common Stock”), which are not subject to registration pursuant to Section 12 of the Exchange Act and are not listed on any
exchange. 
 Description of Capital Stock 

The following description of our capital stock is a summary and does not purport to be complete. It is subject to, and qualified
in its entirety by reference to, our Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”), and our By-Laws, as amended (the
“By-Laws”), each of which are incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this Exhibit 4.2 is a part. We encourage you
to read our Certificate of Incorporation, our By-Laws and the applicable provisions of the Delaware General Corporation Law for additional information. 

Authorized Shares of Capital Stock 
 Our
authorized capital stock consists of 77,000,000 shares, of which 62,000,000 are designated as Common Stock, 14,000,000 are designated as Class B Common Stock, and 1,000,000 are designated as Preferred Stock, par value $0.01 per share
(“Preferred Stock”). Of the Preferred Stock, 175,000 shares were designated as Series A Convertible Preferred Stock (the “Series A Preferred”), 110,000 shares were designated as Series B Convertible Preferred Stock (the
“Series B Preferred”) and 75,001 shares were designated as Series C Convertible Preferred Stock (the “Series C Preferred” and, together with the Series A Preferred and the Series B Preferred, collectively, the “Designated
Preferred Stock”). 
 As of December 31, 2019, 28,768,252 shares of Common Stock, 11,758,218 shares of Class B Common Stock,
and no shares of Preferred Stock were outstanding. 
 Common Stock 

Outstanding Shares. As of December 31, 2019, 28,768,252 shares of Common Stock were outstanding. 

A share of Class B Common Stock is convertible into one share of Common Stock in certain circumstances, as described below under
“Class B Common Stock.” 
 Voting Rights. Each holder of Common Stock is entitled to one vote for each share held
on matters submitted to a vote of stockholders. Holders of shares of Common Stock and holders of shares of Class B Common Stock vote together as a single class on all matters lawfully submitted to a vote of stockholders, except as otherwise
required by law and except as otherwise provided in our Certificate of Incorporation. See “Class B Common Stock” and “Preferred Stock” below for a discussion of certain circumstances under which holders of shares of Common
Stock and holders of shares of Class B Common Stock do not vote together as a single class. 
 The provisions of Articles Fourth and
Ninth of our Certificate of Incorporation (which address the rights of the Company’s capital stock and amendments to the Certificate of Incorporation) may not be modified, revised, altered, amended, repealed or rescinded, except by the
affirmative vote of the holders of a majority in interest of each class of the Company’s outstanding capital stock entitled to vote generally in the election of the directors, voting as separate classes. 

Our Certificate of Incorporation does not provide for cumulative voting for the election of directors. 

Dividends. Subject to preferences that may apply to any outstanding shares of Preferred Stock, dividends may be declared by the
Board of Directors upon and paid to the holders of Common Stock and Class B Common Stock out of funds legally available therefor. Such dividends, when, as and if declared and paid, shall be so declared and paid to such holders pro rata
according to the number of shares of Common Stock and Class B Common Stock held by each such holder (with the number of shares of outstanding Common Stock and Class B Common Stock being aggregated and considered a single class for this
purpose). No dividend or other distribution may be declared upon the Common Stock, whether payable in cash or in shares of Common Stock or otherwise, unless a comparable dividend shall be declared upon the Class B Common Stock and vice versa.
If the dividend declared upon the 

 
Common Stock is payable in shares of Common Stock, the comparable dividend declared upon the Class B Common Stock shall be payable in shares of Class B Common Stock, and vice versa.

 Liquidation Rights. In the event of the liquidation, dissolution, or winding up of the Company, after payment or provision
for payment of the debts and liabilities of the Company and the amounts to which holders of Preferred Stock, if any, may be entitled, holders of shares of Common Stock will be entitled to share ratably as one class with the holders of shares of
Class B Common Stock in the remaining assets of the Company. 
 Preemptive, Conversion, or Redemption Rights. Holders of
Common Stock have no preemptive rights and no right to convert their Common Stock into other securities. There are no redemption or sinking fund provisions applicable to our Common Stock. 

Listing. Our Common Stock is listed on The NASDAQ Global Select Market under the symbol “VICR.” 

Transfer Agent and Registrar. The Transfer Agent and Registrar for our Common Stock is Computershare Trust Company, N.A., located at
College Station, Texas. 
 A discussion of the rights of the Class B Common Stock and the Preferred Stock, which affect or may affect the rights of the
Common Stock, follows. 
 Class B Common Stock 

Outstanding Shares; Increases in Authorized and Outstanding Shares. As of December 31, 2019, 11,758,218 shares of Class B
Common Stock were outstanding. 
 Under our Certificate of Incorporation, we may not increase the authorized number of shares of
Class B Common Stock without the affirmative vote of a majority of all votes entitled to be cast by the holders of the Common Stock and Class B Common Stock, voting as separate classes. We also may not issue any shares of Class B
Common Stock, other than in connection with stock dividends and similar transactions, unless that issuance is approved by the affirmative vote of at least two-thirds in interest of the holders of our Common
Stock and Class B Common Stock, voting as separate classes. 
 Voting Rights. Each holder of Class B Common Stock is
entitled to 10 votes for each such share held on matters submitted to a vote of stockholders. Holders of shares of Common Stock and holders of shares of Class B Common Stock vote together as a single class on all matters lawfully submitted to a
vote of stockholders, except as otherwise required by law and except as otherwise provided in our Certificate of Incorporation. 

Dividends. See “Common Stock – Dividends” above. 

Liquidation Rights. In the event of the liquidation, dissolution, or winding up of the Company, after payment or provision for
payment of the debts and liabilities of the Company and the amounts to which holders of Preferred Stock, if any, may be entitled, holders of shares of Class B Common Stock will be entitled to share ratably as one class with the holders of
shares of Common Stock in the remaining assets of the Company. 
 Preemptive, Conversion, or Redemption Rights. Holders of
Class B Common Stock have no preemptive rights, and there are no redemption or sinking fund provisions applicable to Class B Common Stock. 

Each share of Class B Common Stock may, at any time, at the option of the holder, be converted into one share of Common Stock. Each
outstanding share of Class B Common Stock will be converted into one share of Common Stock at such time as the total number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate number of outstanding
shares of Common Stock and Class B Common Stock. All shares of Class B Common Stock converted into Common Stock as described in this paragraph will be retired and revert to the status of authorized and unissued shares of Class B
Common Stock. 
 Restrictions on Transfer. While certain transfers of shares of Class B Common Stock to certain “permitted
transferees” for tax and estate planning purposes are authorized in our Certificate of Incorporation, shares of Class B Common Stock are generally subject to restrictions on sale or other transfers Any transfer of shares of Class B
Common Stock not permitted under the Certificate of Incorporation will result in the automatic conversion of those shares of Class B Common Stock into an equal number of shares of Common Stock. 

 Preferred Stock 

Our authorized capital stock includes 1,000,000 shares designated as Preferred Stock, of which 175,000 were designated as Series A Preferred,
110,000 were designated as Series B Preferred, and 75,001 were designated as Series C Preferred. As of December 31, 2019, no shares of Preferred Stock were issued and outstanding. All previously issued and outstanding shares of Designated
Preferred Stock have been converted into shares of our Common Stock and are not available for reissuance. 
 In the future, our Board of
Directors may, without further action by holders of our capital stock, fix the rights, preferences, and restrictions of up to the remaining 639,999 authorized shares of Preferred Stock in one or more series and authorize their issuance; provided,
however, that the issuance of any shares of Preferred Stock carrying in excess of one vote per share or convertible into shares of Class B Common Stock will require the prior approval of at least
two-thirds in interest of the holders of the Common Stock and Class B Common Stock, voting as separate classes. 

The rights and preferences of the Preferred Stock issued could include voting rights, dividend rights, conversion rights, redemption rights,
liquidation preferences, and sinking fund terms, any or all of which may be greater than or superior to the rights of our Common Stock or Class B Common Stock. Accordingly, the issuance of Preferred Stock could adversely affect the voting power
of holders of Common Stock or Class B Common Stock and the likelihood that such holders will receive dividend payments and payments upon liquidation, dissolution, or winding up of the Company. In addition, the issuance of Preferred Stock could
have the effect of delaying, deferring, or preventing a change of control or other corporate action. 
 Voting Control and Anti-Takeover
Provisions 
 The ownership of our Common Stock and Class B Common Stock is concentrated primarily between Dr. Vinciarelli,
Chairman of the Board, President, and Chief Executive Officer of the Company, and a limited number of institutional investors. As of December 31, 2019, Dr. Vinciarelli was the beneficial owner of 9,861,605 shares of Common Stock plus an
additional 311,954 shares which Dr. Vinciarelli has the right to acquire upon exercise of options to purchase Common Stock within 60 days of December 31, 2019. He also holds 11,023,648 shares of Class B Common Stock, together (with the Common
Stock) representing 81.6% of the voting power of the outstanding capital stock of the Company. Accordingly, Dr. Vinciarelli has significant influence over all matters requiring stockholder approval, including the election of directors and
significant corporate transactions, such as a change of control event (e.g., a merger or sale of the Company or its assets) or a liquidation, dissolution, or winding up of the Company. 

Section 203 of the Delaware General Corporation Law 

We are subject to Section 203 of the Delaware General Corporation Law, which prohibits a Delaware corporation from engaging in any
business combination with any interested stockholder for a period of three years after the date that such stockholder became an interested stockholder, with the following exceptions: 

 

	 	•	 	 before such date, the Board of Directors approved either the business combination or the transaction that
resulted in the stockholder becoming an interested stockholder; 

  

	 	•	 	 upon completion of the transaction that resulted in the stockholder becoming an interested stockholder, the
interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction began, excluding for purposes of determining the voting stock outstanding (but not the outstanding voting stock owned by the
interested stockholder) those shares owned (i) by persons who are directors and also corporate officers and (ii) employee stock plans in which employee participants do not have the right to determine confidentially whether shares held
subject to the plan will be tendered in a tender or exchange offer; or 

  

	 	•	 	 on or after such date, the business combination is approved by the Board of Directors and authorized at an annual
or special meeting of the stockholders, and not by written consent, by the affirmative vote of at least two-thirds of the outstanding voting stock that is not owned by the interested stockholder.

 In general, Section 203 defines business combination to include the following: 

 

	 	•	 	 any merger or consolidation involving the corporation and the interested stockholder; 

	 	•	 	 any sale, transfer, pledge, or other disposition of 10% or more of the assets of the corporation involving the
interested stockholder; 

  

	 	•	 	 subject to certain exceptions, any transaction that results in the issuance or transfer by the corporation of any
stock of the corporation to the interested stockholder; 

  

	 	•	 	 any transaction involving the corporation that has the effect of increasing the proportionate share of the stock
or any class or series of the corporation beneficially owned by the interested stockholder; or 

  

	 	•	 	 the receipt by the interested stockholder of the benefit of any loss, advances, guarantees, pledges, or other
financial benefits by or through the corporation. 

 In general, Section 203 defines an “interested
stockholder” as an entity or person who, together with the person’s affiliates and associates, beneficially owns, or within three years prior to the time of determination of interested stockholder status did own, 15% or more of the
outstanding voting stock of the corporation.

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