SHIVERS GARY R 4

Accession 0001209191-06-027403

CIK 0001260968other

Filed

May 2, 8:00 PM ET

Accepted

May 3, 5:36 PM ET

Size

19.4 KB

Accession

0001209191-06-027403

Form 4

Period: 2006-05-02

DirectorPresident

Transactions

Holdings

Option to Purchase Common Stock
Exercise: $21.60From: 2010-03-28Exp: 2013-03-28→ Common Stock (9,186 underlying)
9,186
Option to Purchase Common Stock
Exercise: $10.18From: 2005-10-04Exp: 2011-10-04→ Common Stock (51,240 underlying)
51,240
Option to Purchase Common Stock
Exercise: $4.23From: 2004-04-03Exp: 2010-04-03→ Common Stock (28,000 underlying)
28,000
Option to Purchase Common Stock
Exercise: $3.39From: 2007-01-13Exp: 2013-01-13→ Common Stock (7,000 underlying)
7,000
Option to Purchase Common Stock
Exercise: $10.18From: 2007-01-13Exp: 2013-01-13→ Common Stock (6,650 underlying)
6,650
Option to Purchase Common Stock
Exercise: $17.52From: 2009-01-11Exp: 2012-01-10→ Common Stock (14,881 underlying)
14,881
Option to Purchase Common Stock
Exercise: $21.60From: 2010-03-28Exp: 2013-03-28→ Common Stock (6,124 underlying)
6,124
Option to Purchase Common Stock
Exercise: $3.39From: 2006-01-17Exp: 2012-01-17→ Common Stock (14,000 underlying)
14,000
Option to Purchase Common Stock
Exercise: $18.80From: 2012-01-29Exp: 2014-01-28→ Common Stock (15,000 underlying)
15,000
Option to Purchase Common Stock
Exercise: $1.91From: 2001-10-01Exp: 2008-07-02→ Common Stock (31,500 underlying)
31,500

Footnotes (7)

[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 $21.87.
[F3]Includes a total of 26,630 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.
[F6]Represents the date the options will cliff vest if certain four year average EPS growth targets are achieved.
[F7]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; 3,062; 6,124; or 9,186.

Documents

1 file

MARLIN BUSINESS SERVICES CORP

CIK 0001260968

Entity typeother