Filing Details

Accession Number:
0001209191-10-016108
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-03-10 12:00:00
Reporting Period:
2010-03-08
Filing Date:
2010-03-10
Accepted Time:
2010-03-10 18:42:40
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 Acquisiton 2010-03-08 140 $4.23 397,748 No 4 M Direct
Common Stock Disposition 2010-03-08 140 $8.90 397,608 No 4 S Direct
Common Stock Acquisiton 2010-03-09 6,295 $4.23 403,903 No 4 M Direct
Common Stock Disposition 2010-03-09 6,295 $8.75 397,608 No 4 S Direct
Common Stock Acquisiton 2010-03-10 1,419 $4.23 399,027 No 4 M Direct
Common Stock Disposition 2010-03-10 1,419 $8.75 397,608 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
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 2010-03-08 7,854 $0.00 28,000 $4.23
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2004-04-03 2010-04-03 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 $17.52 2009-01-11 2012-01-10 21,429 21,429 Direct
Common Stock Option to Purchase Common Stock $10.18 2005-10-04 2011-10-04 51,240 51,240 Direct
Common Stock Option to Purchase Common Stock $3.39 2006-01-17 2012-01-17 14,000 14,000 Direct
Common Stock Option to Purchase Common Stock $3.39 2007-01-13 2013-01-13 7,000 7,000 Direct
Common Stock Option to Purchase Common Stock $10.18 2007-01-13 2013-01-13 6,650 6,650 Direct
Common Stock Option to Purchase Common Stock $18.80 2012-01-29 2014-01-28 20,000 20,000 Direct
Common Stock Option to Purchase Common Stock $21.60 2010-03-28 2013-03-28 8,016 8,016 Direct
Common Stock Option to Purchase Common Stock $21.60 2010-03-28 2013-03-28 12,026 12,026 Direct
Common Stock Option to Purchase Common Stock $20.77 2011-03-16 2014-03-16 9,314 9,314 Direct
Common Stock Option to Purchase Common Stock $20.77 2011-03-16 2014-03-16 12,919 12,919 Direct
Common Stock Option to Purchase Common Stock $9.52 2012-03-01 2015-03-01 22,642 22,642 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
2012-01-10 21,429 21,429 Direct
2011-10-04 51,240 51,240 Direct
2012-01-17 14,000 14,000 Direct
2013-01-13 7,000 7,000 Direct
2013-01-13 6,650 6,650 Direct
2014-01-28 20,000 20,000 Direct
2013-03-28 8,016 8,016 Direct
2013-03-28 12,026 12,026 Direct
2014-03-16 9,314 9,314 Direct
2014-03-16 12,919 12,919 Direct
2015-03-01 22,642 22,642 Direct
2015-03-01 31,034 31,034 Direct
Footnotes
  1. Includes a total of 208,503 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
  2. Represents total of three exercises: 140 option shares exercised on 3/8/2010, 6,295 option shares exercised on 3/9/2010, and 1,419 option shares exercised on 3/10/2010.
  3. Date listed is the date of full vesting. Each grants vests 25% per year beginning on the first anniversary of the date of grant.
  4. N/A
  5. Date listed is date of scheduled full vesting. This grant vests over an eight year period at the following annual increments: 2.5% in first year; 5.0% in second year; 7.5% in third year; 10.0% in fourth year; 15.0% in fifth year; and 20.0% in each of the sixth, seventh and eighth years. Vesting can be accelerated upon the reporting person's achievement of certain performance goals set forth in the grant instrument.
  6. Represents the date the options will cliff vest if certain four year average EPS growth targets are achieved.
  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; 4,008; 8,017; or 12,026.
  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; 4,306; 8,612; or 12,919.
  9. 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.