4//SEC Filing
SICKEL BRUCE E 4
Accession 0001209191-05-002914
CIK 0001260968other
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 5:11 PM ET
Size
11.5 KB
Accession
0001209191-05-002914
Insider Transaction Report
Form 4
SICKEL BRUCE E
Chief Financial Officer
Transactions
- Award
Option to Purchase Common Stock
2005-01-11+4,825→ 4,825 totalExercise: $17.52From: 2009-01-11Exp: 2012-01-10→ Common Stock (4,825 underlying) - Award
Common Stock
2005-01-11+4,434→ 22,492 total
Holdings
- 30,000
Option to Purchase Common Stock
Exercise: $14.00From: 2007-11-11Exp: 2013-11-10→ Common Stock (30,000 underlying) - 10,000
Option to Purchase Common Stock
Exercise: $18.80From: 2012-01-29Exp: 2014-01-28→ Common Stock (10,000 underlying)
Footnotes (6)
- [F1]Represents grants of restricted stock as part of annual long term incentive plan. The restrictions on 3,378 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 1,056 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 17,894 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- [F4]Includes 884 shares acquired under the Marlin Business Services Corp. 2003 Employee Stock Purchase Plan (the "Plan") on June 30, 2004, and 714 shares acquired under the Plan on December 31, 2004.
- [F5]Date listed is the date of full vesting. This grant vests 25% per year beginning on the first anniversary of the date of grant.
- [F6]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 0001268513
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 5:11 PM ET
- Size
- 11.5 KB