4//SEC Filing
MARLIN BUSINESS SERVICES CORP 4
Accession 0001209191-15-015562
CIK 0001260968operating
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 6:30 PM ET
Size
11.0 KB
Accession
0001209191-15-015562
Insider Transaction Report
Form 4
SULLIVAN MATTHEW J
Director
Transactions
- Sale
Common stock
2014-12-22$20.00/sh−1,705,317$34,106,340→ 439,465 total(indirect: See footnote)
Holdings
- 3,704
Option to Purchase Common Stock
Exercise: $7.66From: 2009-06-02Exp: 2015-06-02→ Common Stock (3,704 underlying) - 5,000
Option to Purchase Common Stock
Exercise: $7.61From: 2012-04-17Exp: 2015-04-17→ Common Stock (5,000 underlying) - 19,844
Common stock
- 2,041
Option to Purchase Common Stock
Exercise: $7.17From: 2010-10-28Exp: 2016-10-28→ Common Stock (2,041 underlying)
Footnotes (6)
- [F1]Includes 19,844 restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- [F2]Represents shares transferred in a private sale.
- [F3]The 439,465 reported shares were received in a pro rata distribution on January 14, 2015 of the 604,617 shares remaining after the private sale reported in Note (2) by WCI (Private Equity) LLC, whose sole manager is Peachtree Equity Investment Management, Inc. (the "Manager"). The reporting person is one of the directors of the Manager and could be deemed to be an indirect holder of such shares.
- [F4]The 439,465 reported shares are owned by WCI Peachtree Carried Interest Partner, L.P., whose general partner is Peachtree Equity Management, LLC (the "General Partner"). The reporting person is the Managing Director of the General Partner and could be deemed to be an indirect holder of the reported shares. The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that he is the beneficial owner or these shares for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.
- [F5]Grant of options made pursuant to the Company's Director compensation plan. Date listed is the date of full vesting (which is one year from the date of grant). The options cliff vest on the first anniversary of the grant date.
- [F6]Grant of options made pursuant to the Company's Director compensation plan. Date listed is the date of full vesting. Each grant vests 25% per year beginning on the first anniversary of the date of grant.
Documents
Issuer
MARLIN BUSINESS SERVICES CORP
CIK 0001260968
Entity typeoperating
Related Parties
1- filerCIK 0001260968
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 6:30 PM ET
- Size
- 11.0 KB