Filing Details
- Accession Number:
- 0001209191-14-018992
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-03-10 17:52:53
- Reporting Period:
- 2014-03-05
- Filing Date:
- 2014-03-10
- Accepted Time:
- 2014-03-10 17:52:53
- 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 | Disposition | 2014-03-05 | 1,400 | $22.01 | 362,011 | No | 4 | S | Direct | |
Common Stock | Disposition | 2014-03-09 | 924 | $22.26 | 361,087 | No | 4 | F | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | F | 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 | 2014-05-24 | 2017-05-24 | 39,912 | 19,956 | Direct |
Common Stock | Option to Purchase Common Stock | $12.41 | 2013-05-24 | 2017-05-24 | 8,612 | 8,612 | 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 |
---|---|---|---|
2017-05-24 | 39,912 | 19,956 | Direct |
2017-05-24 | 8,612 | 8,612 | Direct |
2015-03-01 | 31,034 | 31,034 | Direct |
Footnotes
- 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.
- Represents average price per share.
- Includes a total of 72,309 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- Includes 900 shares acquired under the Marlin Business Services Corp. 2003 Employee Stock Purchase Plan on June 30, 2013.
- Represents the delivery of shares to pay the tax liability associated with the vesting of certain shares of restricted stock.
- Includes a total of 69,549 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- Date listed is the date of full vesting. Vests 25% per year beginning on the first anniversary of the date of grant.
- 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; 2,870; 5,741; or 8,612.
- 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.