4//SEC Filing
MARLIN BUSINESS SERVICES CORP 4
Accession 0001209191-14-011439
CIK 0001260968operating
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 5:38 PM ET
Size
10.5 KB
Accession
0001209191-14-011439
Insider Transaction Report
Form 4
WILSON LYNNE C
Chief Financial Officer
Transactions
- Award
Common Stock
2014-02-14+4,995→ 93,121 total
Holdings
- 12,265
Option to Purchase Common Stock
Exercise: $9.52From: 2012-03-01Exp: 2012-03-01→ Common Stock (12,265 underlying) - 1,976
Option to Purchase Common Stock
Exercise: $12.41From: 2014-05-24Exp: 2017-05-24→ Common Stock (3,952 underlying) - 2,208
Option to Purchase Common Stock
Exercise: $12.41From: 2013-05-24Exp: 2017-05-24→ Common Stock (3,196 underlying)
Footnotes (7)
- [F1]Represents grants of restricted stock as part of long term incentive plan. This grant consists of: (i) 1,998 restricted shares where the restrictions will lapse over the four year period following the grant date on a pro-rata basis (25% per year) and (ii) 2,997 restricted performance shares where the restrictions will lapse seven years after the grant date, subject to accelerated lapsing over the three year period following the grant date if certain performance conditions are met.
- [F2]N/A
- [F3]Includes a total of 27,292 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 diluted EPS compounded average growth rate targets are achieved.
- [F6]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.
- [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.
Documents
Issuer
MARLIN BUSINESS SERVICES CORP
CIK 0001260968
Entity typeoperating
Related Parties
1- filerCIK 0001260968
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 5:38 PM ET
- Size
- 10.5 KB