MARLIN BUSINESS SERVICES CORP 4
4 · MARLIN BUSINESS SERVICES CORP · Filed Jun 18, 2013
Insider Transaction Report
Form 4
WILSON LYNNE C
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2013-06-14$12.41/sh+988$12,261→ 90,737 total - Sale
Common Stock
2013-06-14$23.86/sh−681$16,249→ 90,056 total - Exercise/Conversion
Option to Purchase Common Stock
2013-06-14−988→ 2,208 totalExercise: $12.41From: 2013-05-24Exp: 2017-05-24→ Common Stock (3,196 underlying)
Holdings
- 1,976
Option to Purchase Common Stock
Exercise: $12.41From: 2014-05-24Exp: 2017-05-24→ Common Stock (3,952 underlying) - 12,265
Option to Purchase Common Stock
Exercise: $9.52From: 2012-03-01Exp: 2012-03-01→ Common Stock (12,265 underlying)
Footnotes (7)
- [F1]Includes a total of 28,088 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- [F2]Represents average price per share.
- [F3]Date listed is the date of full vesting. Vests 25% per year beginning on the first anniversary of the date of grant.
- [F4]Represents the date the options will cliff vest if certain four year diluted EPS compounded average growth rate targets are achieved.
- [F5]Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by diluted EPS compounded average growth rates over a four year performance period. Depending on the diluted EPS compounded average growth rate achieved for the four year period, the number of options that vest at the end of the four year period could be 0; 1,065; 2,130; or 3,196.
- [F6]N/A
- [F7]Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by diluted EPS growth rates averaged over a four year performance period. Depending on the average diluted 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; 4,088; 8,177; or 12,265.