SEC Form 4 · accession 0001209191-15-021447

MARLIN BUSINESS SERVICES CORP · MRLN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Financial Officer

Period of report

Mar 16, 2014

Accepted (ET)

Mar 3, 2015 · 5:15 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001260968

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F1,F2	Mar 16, 2014	F	1,033	$22.13	D	88,456	D
Common Stock^F1,F3	Feb 27, 2015	F	222	$18.71	D	88,234	D
Common Stock^F1,F4	Mar 1, 2015	F	170	$18.71	D	88,064	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Option to Purchase Common Stock^F5	$12.41	holding	—	—	—	May 24, 2014	May 24, 2017	Common Stock	3,952	988	D
Option to Purchase Common Stock^F6,F7	$12.41	holding	—	—	—	May 24, 2013	May 24, 2017	Common Stock	3,196	2,208	D

F1Represents the delivery of shares to pay the tax liability associated with the vesting of certain shares of restricted stock.
F2Includes a total of 15,253 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
F3Includes a total of 14,592 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
F4Includes a total of 14,086 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
F5Date listed is the date of full vesting. Vests 25% per year beginning on the first anniversary of the date of grant.
F6Represents the date the options will cliff vest if certain four year diluted EPS compounded average growth rate targets are achieved.
F7Represents 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.