MARLIN BUSINESS SERVICES CORP 4

4 · MARLIN BUSINESS SERVICES CORP · Filed Feb 24, 2014

Form 4

Period: 2014-02-20

DirectorChief Executive Officer

Transactions

Holdings

Option to Purchase Common Stock
Exercise: $12.41From: 2014-05-24Exp: 2017-05-24→ Common Stock (39,912 underlying)
19,956
Option to Purchase Common Stock
Exercise: $12.41From: 2013-05-24Exp: 2017-05-24→ Common Stock (8,612 underlying)
8,612
Option to Purchase Common Stock
Exercise: $9.52From: 2012-03-01Exp: 2015-03-01→ Common Stock (31,034 underlying)
31,034

Footnotes (7)

[F1]The sale of shares of Marlin Business Services Corp. reported on this Form 4 was executed pursuant to a written plan adopted by the reporting person on December 13, 2013, that is intended to comply with Rule 10b5-1(c) of the Securities and Exchange Act of 1934.
[F2]Represents average price per share.
[F3]Includes a total of 85,424 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; 2,870; 5,741; or 8,612.
[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; 10,345; 20,689; or 31,034.

Documents

1 file