4//SEC Filing
MARLIN BUSINESS SERVICES CORP 4
Accession 0001209191-14-022213
CIK 0001260968operating
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 4:44 PM ET
Size
11.9 KB
Accession
0001209191-14-022213
Insider Transaction Report
Form 4
DYER DANIEL P
DirectorChief Executive Officer
Transactions
- Sale
Common Stock
2014-03-18$22.96/sh−1,400$32,141→ 358,810 total - Sale
Common Stock
2014-03-19$23.11/sh−1,400$32,361→ 357,410 total
Holdings
- 8,612
Option to Purchase Common Stock
Exercise: $12.41From: 2013-05-24Exp: 2017-05-24→ Common Stock (8,612 underlying) - 19,956
Option to Purchase Common Stock
Exercise: $12.41From: 2014-05-24Exp: 2017-05-24→ Common Stock (39,912 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 66,928 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
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 4:44 PM ET
- Size
- 11.9 KB