Sting Gregory Lee 4
4 · MARLIN BUSINESS SERVICES CORP · Filed Apr 2, 2019
Insider Transaction Report
Form 4
Sting Gregory Lee
Senior Vice President
Transactions
- Award
Option to Purchase Common Stock
2018-03-20+5,201→ 5,201 totalExercise: $28.25From: 2021-03-20Exp: 2025-03-20→ Common Stock (5,201 underlying) - Award
Option to Purchase Common Stock
2017-03-31+5,716→ 5,716 totalExercise: $25.75From: 2020-03-31Exp: 2024-03-31→ Common Stock (5,716 underlying) - Award
Common Stock
2019-03-29+2,441→ 13,458 total - Tax Payment
Common Stock
2019-03-31$21.50/sh−148$3,182→ 13,310 total
Footnotes (5)
- [F1]Represents grant of restricted stock units as part of long term incentive plan. This grant consists of 2,441 restricted stock units where the restrictions will lapse over the three year period following the grant date on a pro-rata basis (one-third per year).
- [F2]Includes 686 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed and 4,297 restricted stock units.
- [F3]Represents the delivery of shares to pay the tax liability associated with the vesting of certain restricted stock units.
- [F4]Includes 686 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed and 3,812 restricted stock units.
- [F5]Date listed is the date of full vesting. Vests one-third per year beginning on the first anniversary of the date of grant.