SEC Form 4 · accession 0001209191-15-046956
MARLIN BUSINESS SERVICES CORP · MRLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew J Sullivan
Director
Period of report
May 20, 2015
Accepted (ET)
May 26, 2015 · 9:45 pm EDT
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1 | May 20, 2015 | M | 3,704 | $7.66 | A | 23,548 | D | |
| Common stockF2,F3,F4 | May 21, 2015 | A | 2,618 | — | A | 26,166 | D | |
| Common StockF5 | holding | — | — | — | 439,465 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF3,F6 | $7.66 | May 20, 2015 | M | 3,704 | D | Jun 2, 2009 | Jun 2, 2015 | Common Stock | 3,704 | 0 | D |
| Option to Purchase Common StockF6 | $7.17 | holding | — | — | — | Oct 28, 2010 | Oct 28, 2016 | Common Stock | 2,041 | 2,041 | D |
| Option to Purchase Common StockF7 | $7.61 | holding | — | — | — | Apr 17, 2012 | Apr 17, 2015 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1Includes 19,844 restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- F2Represents 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.
- F3N/A
- F4Includes 22,462 restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- F5The 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.
- F6Grant 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.
- F7Grant 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.