4//SEC Filing
MARLIN BUSINESS SERVICES CORP 4
Accession 0001209191-14-013482
CIK 0001260968operating
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 4:19 PM ET
Size
11.9 KB
Accession
0001209191-14-013482
Insider Transaction Report
Form 4
DYER DANIEL P
DirectorChief Executive Officer
Transactions
- Sale
Common Stock
2014-02-21$23.02/sh−1,400$32,226→ 366,900 total - Sale
Common Stock
2014-02-20$23.10/sh−1,400$32,333→ 368,300 total
Holdings
- 19,956
Option to Purchase Common Stock
Exercise: $12.41From: 2014-05-24Exp: 2017-05-24→ Common Stock (39,912 underlying) - 8,612
Option to Purchase Common Stock
Exercise: $12.41From: 2013-05-24Exp: 2017-05-24→ Common Stock (8,612 underlying) - 31,034
Option to Purchase Common Stock
Exercise: $9.52From: 2012-03-01Exp: 2015-03-01→ Common Stock (31,034 underlying)
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
Issuer
MARLIN BUSINESS SERVICES CORP
CIK 0001260968
Entity typeoperating
Related Parties
1- filerCIK 0001260968
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 4:19 PM ET
- Size
- 11.9 KB