Filing Details

Accession Number:
0001209191-14-013482
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-02-24 16:19:55
Reporting Period:
2014-02-20
Filing Date:
2014-02-24
Accepted Time:
2014-02-24 16:19:55
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1260968 Marlin Business Services Corp MRLN State Commercial Banks (6022) 383686388
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1268541 P Daniel Dyer C/O Marlin Business Services Corp.
300 Fellowship Road
Mount Laurel NJ 08054
Chief Executive Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2014-02-20 1,400 $23.10 368,300 No 4 S Direct
Common Stock Disposition 2014-02-21 1,400 $23.02 366,900 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Option to Purchase Common Stock $12.41 2014-05-24 2017-05-24 39,912 19,956 Direct
Common Stock Option to Purchase Common Stock $12.41 2013-05-24 2017-05-24 8,612 8,612 Direct
Common Stock Option to Purchase Common Stock $9.52 2012-03-01 2015-03-01 31,034 31,034 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2017-05-24 39,912 19,956 Direct
2017-05-24 8,612 8,612 Direct
2015-03-01 31,034 31,034 Direct
Footnotes
  1. The sale of shares of Marlin Business Services Corp. reported on this Form 4 was executed pursuant to a written plan adopted by the reporting person on December 13, 2013, that is intended to comply with Rule 10b5-1(c) of the Securities and Exchange Act of 1934.
  2. Represents average price per share.
  3. Includes a total of 85,424 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
  4. Date listed is the date of full vesting. Vests 25% per year beginning on the first anniversary of the date of grant.
  5. Represents the date the options will cliff vest if certain four year average EPS growth targets are achieved.
  6. Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by EPS growth rates averaged over a four year performance period. Depending on the average EPS growth rate achieved for the four year period, the number of shares that vest at the end of the four year period could be 0; 2,870; 5,741; or 8,612.
  7. Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by EPS growth rates averaged over a four year performance period. Depending on the average EPS growth rate achieved for the four year period, the number of shares that vest at the end of the four year period could be 0; 10,345; 20,689; or 31,034.