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Filing Details

Accession Number:: 0001209191-11-051717
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-10-13 18:16:33
Reporting Period:: 2011-10-11

Filing Date:: 2011-10-13
Accepted Time:: 2011-10-13 18:16:33
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2011-10-11	1,400	$3.39	252,895	No	4	M	Direct
Common Stock	Disposition	2011-10-11	1,400	$11.13	251,495	No	4	S	Direct
Common Stock	Acquisiton	2011-10-12	4,200	$3.39	255,695	No	4	M	Direct
Common Stock	Disposition	2011-10-12	4,200	$11.42	251,495	No	4	S	Direct
Common Stock	Acquisiton	2011-10-13	4,019	$3.39	255,514	No	4	M	Direct
Common Stock	Disposition	2011-10-13	4,019	$11.18	251,495	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Option to Purchase Common Stock	Disposition	2011-10-11	9,619	$0.00	28,000	$3.39

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
13,981	2006-01-17	2012-01-17	No	4	M	Direct

Reported Derivative Holdings

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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	29,348	29,348	Direct
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	$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	$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
2017-05-24	29,348	29,348	Direct
2017-05-24	6,616	6,616	Direct
2013-01-13	7,000	7,000	Direct
2013-01-13	6,055	6,055	Direct
2015-03-01	17,394	17,394	Direct
2015-03-01	23,842	23,842	Direct

Footnotes

The sale of shares of Marlin Business Services Corp. on this Form 4 was executed pursuant to a written plan adopted by the reporting person on September 14, 2011, that is intended to comply with Rule 10b5-1(c) of the Securities and Exchange Act of 1934.
Includes a total of 159,514 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. 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; 2,205; 4,410; or 6,616.
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
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.