4//SEC Filing
SHIVERS GARY R 4
Accession 0001209191-05-004755
CIK 0001260968other
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 8:12 AM ET
Size
16.4 KB
Accession
0001209191-05-004755
Insider Transaction Report
Form 4
SHIVERS GARY R
DirectorPresident
Transactions
- Sale
Common Stock
2005-01-25$18.02/sh−3,075$55,403→ 266,703 total
Holdings
- 14,000
Option to Purchase Common Stock
Exercise: $3.39From: 2006-01-17Exp: 2012-01-17→ Common Stock (14,000 underlying) - 28,000
Option to Purchase Common Stock
Exercise: $4.23From: 2004-04-03Exp: 2010-04-03→ Common Stock (28,000 underlying) - 51,240
Option to Purchase Common Stock
Exercise: $10.18From: 2005-10-04Exp: 2011-10-04→ Common Stock (51,240 underlying) - 7,000
Option to Purchase Common Stock
Exercise: $3.39From: 2007-01-13Exp: 2013-01-13→ Common Stock (7,000 underlying) - 14,881
Option to Purchase Common Stock
Exercise: $17.52From: 2009-01-11Exp: 2012-01-10→ Common Stock (14,881 underlying) - 31,500
Option to Purchase Common Stock
Exercise: $1.91From: 2001-10-01Exp: 2007-10-01→ Common Stock (31,500 underlying) - 15,000
Option to Purchase Common Stock
Exercise: $18.80From: 2012-01-29Exp: 2014-01-28→ Common Stock (15,000 underlying) - 6,650
Option to Purchase Common Stock
Exercise: $10.18From: 2007-01-13Exp: 2013-01-13→ Common Stock (6,650 underlying)
Footnotes (5)
- [F1]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 May 10, 2004, that is intended to comply with Rule 10b5-1(c) of the Securities and Exchange Act of 1934.
- [F2]Represents average sales price per share.
- [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 25, 7:00 PM ET
- Accepted
- Jan 26, 8:12 AM ET
- Size
- 16.4 KB