SHIVERS GARY R 4
4 · MARLIN BUSINESS SERVICES CORP · Filed Jul 5, 2005
Insider Transaction Report
Form 4
SHIVERS GARY R
DirectorPresident
Transactions
- Other
Common Stock
2005-06-30−59,583→ 182,470 total
Holdings
- 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) - 14,000
Option to Purchase Common Stock
Exercise: $3.39From: 2006-01-17Exp: 2012-01-17→ Common Stock (14,000 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) - 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)
Footnotes (5)
- [F1]Exchange of shares of Common Stock for units of limited partnership interests in an exchange fund.
- [F2]The shares of Common Stock were exchanged into the exchange fund using a per share value of $20.14.
- [F3]Includes a total of 24,724 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.