4//SEC Filing
MARLIN BUSINESS SERVICES CORP 4
Accession 0001209191-14-020752
CIK 0001260968operating
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 6:30 PM ET
Size
12.6 KB
Accession
0001209191-14-020752
Insider Transaction Report
Form 4
WILSON LYNNE C
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2014-03-12$22.28/sh−214$4,768→ 92,114 total
Holdings
- 1,976
Option to Purchase Common Stock
Exercise: $12.41From: 2014-05-24Exp: 2017-05-24→ Common Stock (3,952 underlying) - 2,208
Option to Purchase Common Stock
Exercise: $12.41From: 2013-05-24Exp: 2017-05-24→ Common Stock (3,196 underlying) - 12,265
Option to Purchase Common Stock
Exercise: $9.52From: 2012-03-01Exp: 2012-03-01→ Common Stock (12,265 underlying)
Footnotes (7)
- [F1]Represents the delivery of shares to pay the tax liability associated with the vesting of certain shares of restricted stock.
- [F2]Includes 275 shares acquired under the Marlin Business Services Corp 2003 Employee Stock Purchase Plan on June 30, 2013.
- [F3]Includes a total of 23,466 shares of restricted stock, where as of the date of this filing, the restrictions have not yet lapsed.
- [F4]Date listed is the date of full vesting. Vests 25% per year beginning on the first anniversary of the date of grant.
- [F5]Represents the date the options will cliff vest if certain four year diluted EPS compounded average growth rate targets are achieved.
- [F6]Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by diluted EPS compounded average growth rates over a four year performance period. Depending on the diluted EPS compounded average growth rate achieved for the four year period, the number of options that vest at the end of the four year period could be 0; 1,065; 2,130; or 3,196.
- [F7]Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by diluted EPS growth rates averaged over a four year performance period. Depending on the average diluted 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; 4,088; 8,177; or 12,265.
Issuer
MARLIN BUSINESS SERVICES CORP
CIK 0001260968
Entity typeoperating
Related Parties
1- filerCIK 0001260968
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 6:30 PM ET
- Size
- 12.6 KB