4//SEC Filing
MARLIN BUSINESS SERVICES CORP 4
Accession 0001209191-14-018992
CIK 0001260968operating
Filed
Mar 9, 8:00 PM ET
Accepted
Mar 10, 5:52 PM ET
Size
14.7 KB
Accession
0001209191-14-018992
Insider Transaction Report
Form 4
DYER DANIEL P
DirectorChief Executive Officer
Transactions
- Sale
Common Stock
2014-03-05$22.01/sh−1,400$30,816→ 362,011 total - Tax Payment
Common Stock
2014-03-09$22.26/sh−924$20,568→ 361,087 total
Holdings
- 8,612
Option to Purchase Common Stock
Exercise: $12.41From: 2013-05-24Exp: 2017-05-24→ Common Stock (8,612 underlying) - 19,956
Option to Purchase Common Stock
Exercise: $12.41From: 2014-05-24Exp: 2017-05-24→ Common Stock (39,912 underlying) - 31,034
Option to Purchase Common Stock
Exercise: $9.52From: 2012-03-01Exp: 2015-03-01→ Common Stock (31,034 underlying)
Footnotes (10)
- [F1]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.
- [F10]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.
- [F2]Represents average price per share.
- [F3]Includes a total of 72,309 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- [F4]Includes 900 shares acquired under the Marlin Business Services Corp. 2003 Employee Stock Purchase Plan on June 30, 2013.
- [F5]Represents the delivery of shares to pay the tax liability associated with the vesting of certain shares of restricted stock.
- [F6]Includes a total of 69,549 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- [F7]Date listed is the date of full vesting. Vests 25% per year beginning on the first anniversary of the date of grant.
- [F8]Represents the date the options will cliff vest if certain four year average EPS growth targets are achieved.
- [F9]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.
Issuer
MARLIN BUSINESS SERVICES CORP
CIK 0001260968
Entity typeoperating
Related Parties
1- filerCIK 0001260968
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 8:00 PM ET
- Accepted
- Mar 10, 5:52 PM ET
- Size
- 14.7 KB