Filing Details

Accession Number:
0001209191-13-043914
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-09-11 19:52:18
Reporting Period:
2013-09-09
Filing Date:
2013-09-11
Accepted Time:
2013-09-11 19:52:18
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
1268540 D George Pelose C/O Marlin Business Services Corp.
300 Fellowship Road
Mount Laurel NJ 08054
Chief Operating Officer No 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 Acquisiton 2013-09-09 13,539 $9.52 184,435 No 4 M Direct
Common Stock Disposition 2013-09-09 8,305 $25.76 176,130 No 4 S Direct
Common Stock Acquisiton 2013-09-09 22,011 $12.41 198,141 No 4 M Direct
Common Stock Disposition 2013-09-09 15,025 $25.76 183,116 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Option to Purchase Common Stock Disposition 2013-09-09 22,011 $0.00 29,348 $12.41
Common Stock Option to Purchase Common Stock Disposition 2013-09-09 13,539 $0.00 17,394 $9.52
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
7,337 2014-05-24 2017-05-24 No 4 M Direct
0 2012-03-01 2015-03-01 No 4 M 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 2013-05-24 2017-05-24 6,616 6,616 Direct
Common Stock Option to Purchase Common Stock $9.52 2012-03-01 2015-03-01 23,842 23,842 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2017-05-24 6,616 6,616 Direct
2015-03-01 23,842 23,842 Direct
Footnotes
  1. Includes a total of 51,507 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
  2. Represents average price per share.
  3. Date listed is the date of full vesting. Vests 25% per year beginning on the first anniversary of the date of grant.
  4. N/A
  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; 2,205; 4,410; or 6,616.
  7. Date listed is the date of full vesting. Each grants vests 25% per year beginning on the first anniversary of the date of grant.
  8. 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; 7,947; 15,895; or 23,842.