Filing Details
- Accession Number:
- 0001209191-10-027584
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-05-13 13:00:00
- Reporting Period:
- 2010-05-11
- Filing Date:
- 2010-05-13
- Accepted Time:
- 2010-05-13 16:11:37
- 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 | 2010-05-11 | 5,050 | $5.01 | 255,440 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-05-11 | 5,050 | $11.75 | 250,390 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | 2010-05-11 | 5,050 | $0.00 | 21,000 | $5.01 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2004-07-27 | 2010-07-27 | 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 | $3.39 | 2005-08-22 | 2011-08-22 | 7,000 | 7,000 | Direct |
| Common Stock | Option to Purchase Common Stock | $10.18 | 2005-10-04 | 2011-10-04 | 42,700 | 42,700 | Direct |
| Common Stock | Option to Purchase Common Stock | $3.39 | 2006-01-17 | 2012-01-17 | 28,000 | 28,000 | 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 | 6,055 | 6,055 | Direct |
| Common Stock | Option to Purchase Common Stock | $14.00 | 2007-11-11 | 2013-11-10 | 10,000 | 10,000 | Direct |
| Common Stock | Option to Purchase Common Stock | $18.80 | 2012-01-29 | 2014-01-28 | 12,500 | 12,500 | Direct |
| Common Stock | Option to Purchase Common Stock | $17.52 | 2009-01-11 | 2012-01-10 | 9,246 | 9,246 | Direct |
| Common Stock | Option to Purchase Common Stock | $21.60 | 2010-03-28 | 2013-03-28 | 3,891 | 3,891 | Direct |
| Common Stock | Option to Purchase Common Stock | $20.77 | 2011-03-16 | 2014-03-16 | 7,156 | 7,156 | Direct |
| Common Stock | Option to Purchase Common Stock | $20.77 | 2011-03-16 | 2014-03-16 | 9,924 | 9,924 | Direct |
| Common Stock | Option to Purchase Common Stock | $9.52 | 2012-03-01 | 2015-03-01 | 17,394 | 17,394 | 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 |
|---|---|---|---|
| 2011-08-22 | 7,000 | 7,000 | Direct |
| 2011-10-04 | 42,700 | 42,700 | Direct |
| 2012-01-17 | 28,000 | 28,000 | Direct |
| 2013-01-13 | 7,000 | 7,000 | Direct |
| 2013-01-13 | 6,055 | 6,055 | Direct |
| 2013-11-10 | 10,000 | 10,000 | Direct |
| 2014-01-28 | 12,500 | 12,500 | Direct |
| 2012-01-10 | 9,246 | 9,246 | Direct |
| 2013-03-28 | 3,891 | 3,891 | Direct |
| 2014-03-16 | 7,156 | 7,156 | Direct |
| 2014-03-16 | 9,924 | 9,924 | Direct |
| 2015-03-01 | 17,394 | 17,394 | Direct |
| 2015-03-01 | 23,842 | 23,842 | Direct |
Footnotes
- Includes a total of 178,987 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- Represents average price per share.
- Date listed is the date of full vesting. Each grants vests 25% per year beginning on the first anniversary of the date of grant.
- N/A
- 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.
- Represents the date the options will cliff vest if certain four year average EPS growth targets are achieved.
- 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; 3,308; 6,616; or 9,924.
- 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.
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