Filing Details

Accession Number:
0001209191-10-061088
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-12-16 17:04:16
Reporting Period:
2010-12-13
Filing Date:
2010-12-16
Accepted Time:
2010-12-16 17:04:16
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
1365206 C Lynne Wilson C/O Marlin Business Services Corp.
300 Fellowship Road
Mount Laurel NJ 08054
Chief Financial 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 Disposition 2010-12-13 1,000 $11.00 77,878 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S 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 3,952 3,952 Direct
Common Stock Option to Purchase Common Stock $12.41 2013-05-24 2017-05-24 3,196 3,196 Direct
Common Stock Option to Purchase Common Stock $9.52 2012-03-01 2015-03-01 8,948 8,948 Direct
Common Stock Option to Purchase Common Stock $9.52 2012-03-01 2012-03-01 12,265 12,265 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2017-05-24 3,952 3,952 Direct
2017-05-24 3,196 3,196 Direct
2015-03-01 8,948 8,948 Direct
2012-03-01 12,265 12,265 Direct
Footnotes
  1. Includes a total of 55,109 shares of restricted stock, where as of the date of this filing, the restrictions have not yet lapsed.
  2. Includes 900 shares acquired under the Marlin Business Services Corp 2003 Employee Stock Purchase Plan on June 30, 2010.
  3. Date listed is the date of full vesting. Vests 25% per year beginning on the first anniversary of the date of grant.
  4. Represents the date the options will cliff vest if certain four year diluted EPS compounded average growth rate targets are achieved.
  5. 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.
  6. Date listed is date of full vesting. This grant vests 25% per year beginning on the first anniversary of the grant date.
  7. 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.