SEC Form 4 · accession 0001209191-15-021459

MARLIN BUSINESS SERVICES CORP · MRLN

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

Reporting owner

Officer — Chief Sales Officer

Period of report

Feb 27, 2015

Accepted (ET)

Mar 3, 2015 · 5:16 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	Feb 27, 2015	F	393	$18.71	D	95,296	D
Common Stock^F1,F3	Feb 28, 2015	F	1,757	$18.71	D	93,539	D
Common Stock^F1,F4	Mar 1, 2015	F	246	$18.71	D	93,293	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,F6	$9.52	holding	—	—	—	Mar 1, 2012	Mar 1, 2015	Option to Purchase Common Stock	10,776	10,776	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 36,097 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
F3Includes a total of 30,845 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
F4Includes a total of 30,112 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
F5Represents the date the options will cliff vest if certain four year average EPS growth targets are achieved.
F6Represents 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; 3,592; 7,184; or 10,776.