MARLIN BUSINESS SERVICES CORP 4
4 · MARLIN BUSINESS SERVICES CORP · Filed Jan 28, 2014
Insider Transaction Report
Form 4
PELOSE GEORGE D
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2014-01-26$27.76/sh−430$11,937→ 169,606 total
Holdings
- 7,337
Option to Purchase Common Stock
Exercise: $12.41From: 2014-05-24Exp: 2017-05-24→ Common Stock (29,348 underlying) - 6,616
Option to Purchase Common Stock
Exercise: $12.41From: 2013-05-24Exp: 2017-05-24→ Common Stock (6,616 underlying) - 23,842
Option to Purchase Common Stock
Exercise: $9.52From: 2012-03-01Exp: 2015-03-01→ Common Stock (23,842 underlying)
Footnotes (7)
- [F1]Represents the delivery of shares to pay the tax liability associated with the vesting of certain shares of restricted stock.
- [F2]Includes 235 shares acquired under the Marlin Business Services Corp. 2012 Employee Stock Purchase Plan on December 31, 2013.
- [F3]Includes a total of 50,399 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. Vests 25% per year beginning on the first anniversary of the date of grant.
- [F5]Represents the date the options will cliff vest if certain four year average EPS growth targets are achieved.
- [F6]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; 2,205; 4,410; or 6,616.
- [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; 7,947; 15,895; or 23,842.