4//SEC Filing
MARLIN BUSINESS SERVICES CORP 4
Accession 0001209191-15-046956
CIK 0001260968operating
Filed
May 25, 8:00 PM ET
Accepted
May 26, 9:45 PM ET
Size
13.4 KB
Accession
0001209191-15-046956
Insider Transaction Report
Form 4
SULLIVAN MATTHEW J
Director
Transactions
- Exercise/Conversion
Common stock
2015-05-20$7.66/sh+3,704$28,373→ 23,548 total - Award
Common stock
2015-05-21+2,618→ 26,166 total - Exercise/Conversion
Option to Purchase Common Stock
2015-05-20−3,704→ 0 totalExercise: $7.66From: 2009-06-02Exp: 2015-06-02→ Common Stock (3,704 underlying)
Holdings
- 5,000
Option to Purchase Common Stock
Exercise: $7.61From: 2012-04-17Exp: 2015-04-17→ Common Stock (5,000 underlying) - 439,465(indirect: See footnote)
Common Stock
- 2,041
Option to Purchase Common Stock
Exercise: $7.17From: 2010-10-28Exp: 2016-10-28→ Common Stock (2,041 underlying)
Footnotes (7)
- [F1]Includes 19,844 restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- [F2]Represents grant of restricted stock as part of the Company's Director compensation plan. The restrictions on these shares shall lapse upon the earlier of (i) seven years from the grant date and (ii) six months following the Director's termination of Board service.
- [F3]N/A
- [F4]Includes 22,462 restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- [F5]The 439,465 reported shares are owned by Peachtree CIP, 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.
- [F6]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.
- [F7]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
- May 25, 8:00 PM ET
- Accepted
- May 26, 9:45 PM ET
- Size
- 13.4 KB