4//SEC Filing
SHIVERS GARY R 4
Accession 0001209191-05-002907
CIK 0001260968other
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 5:03 PM ET
Size
17.6 KB
Accession
0001209191-05-002907
Insider Transaction Report
Form 4
SHIVERS GARY R
DirectorPresident
Transactions
- Award
Common Stock
2005-01-11+8,194→ 272,853 total - Award
Option to Purchase Common Stock
2005-01-11+14,881→ 14,881 totalExercise: $17.52From: 2009-01-11Exp: 2012-01-10→ Common Stock (14,881 underlying)
Holdings
- 14,000
Option to Purchase Common Stock
Exercise: $3.39From: 2006-01-17Exp: 2012-01-17→ Common Stock (14,000 underlying) - 51,240
Option to Purchase Common Stock
Exercise: $10.18From: 2005-10-04Exp: 2011-10-04→ Common Stock (51,240 underlying) - 15,000
Option to Purchase Common Stock
Exercise: $18.80From: 2012-01-29Exp: 2014-01-28→ Common Stock (15,000 underlying) - 31,500
Option to Purchase Common Stock
Exercise: $1.91From: 2001-10-01Exp: 2007-10-01→ Common Stock (31,500 underlying) - 6,650
Option to Purchase Common Stock
Exercise: $10.18From: 2007-01-13Exp: 2013-01-13→ Common Stock (6,650 underlying) - 28,000
Option to Purchase Common Stock
Exercise: $4.23From: 2004-04-03Exp: 2010-04-03→ Common Stock (28,000 underlying) - 7,000
Option to Purchase Common Stock
Exercise: $3.39From: 2007-01-13Exp: 2013-01-13→ Common Stock (7,000 underlying)
Footnotes (5)
- [F1]Represents grants of restricted stock as part of annual long term incentive plan. The restrictions on 6,250 of these shares shall lapse after seven years from the transaction date, subject to accelerated lapsing if the Company achieves certain financial performance targets. The remaining 1,944 shares represent a matching grant of restricted stock pursuant to a management stock purchase program, and the restrictions on these shares shall lapse after three years from the transaction date.
- [F2]N/A
- [F3]Includes a total of 32,989 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- [F4]Date listed is the date of full vesting. Each grants vests 25% per year beginning on the first anniversary of the date of grant.
- [F5]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.
Documents
Issuer
MARLIN BUSINESS SERVICES CORP
CIK 0001260968
Entity typeother
Related Parties
1- filerCIK 0001268539
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 5:03 PM ET
- Size
- 17.6 KB