MARLIN BUSINESS SERVICES CORP 4
4 · MARLIN BUSINESS SERVICES CORP · Filed Sep 16, 2014
Insider Transaction Report
Form 4
WILSON LYNNE C
Chief Financial Officer
Transactions
- Sale
Common Stock
2014-09-12$19.40/sh−400$7,761→ 91,108 total
Holdings
- 988
Option to Purchase Common Stock
Exercise: $12.41From: 2014-05-24Exp: 2017-05-24→ Common Stock (3,952 underlying) - 12,265
Option to Purchase Common Stock
Exercise: $9.52From: 2012-03-01Exp: 2012-03-01→ Common Stock (12,265 underlying) - 2,208
Option to Purchase Common Stock
Exercise: $12.41From: 2013-05-24Exp: 2017-05-24→ Common Stock (3,196 underlying)
Footnotes (6)
- [F1]Represents average price per share.
- [F2]Includes a total of 23,466 shares of restricted stock, where as of the date of this filing, the restrictions have not yet lapsed.
- [F3]Date listed is the date of full vesting. Vests 25% per year beginning on the first anniversary of the date of grant.
- [F4]Represents the date the options will cliff vest if certain four year diluted EPS compounded average growth rate targets are achieved.
- [F5]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.
- [F6]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.