MARLIN BUSINESS SERVICES CORP 4
4 · MARLIN BUSINESS SERVICES CORP · Filed Feb 11, 2015
Insider Transaction Report
Form 4
DYER DANIEL P
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2015-02-09+30,178→ 384,634 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]Represents grants of restricted stock as part of long term incentive plan. This grant consists of: (i) 12,071 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) 18,107 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 88,241 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.