SEC Form 4 · accession 0001209191-15-065324
MARLIN BUSINESS SERVICES CORP · MRLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Taylor Kamp Jr.
Officer — SVP & Chief Financial Officer
Period of report
Aug 10, 2015
Accepted (ET)
Aug 11, 2015 · 5:33 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,F2,F3 | Aug 10, 2015 | A | 18,698 | — | A | 18,698 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents grants of restricted stock as part of long term incentive plan. This grant consists of: (i) 2,479 restricted shares where the restrictions will lapse over the four year period following the grant date on a pro-rata basis (25% per year), (ii) 3,719 restricted performance shares where the restrictions will lapse seven years after the grant date, subject to accelerated lapsing over the three year period following the grant date if certain performance conditions are met and (iii) 12,500 restricted shares where the restrictions will lapse on the third anniversary of August 10, 2015 (i.e., August 10, 2018).
- F2N/A
- F3Includes a total of 18,698 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.