SEC Form 4 · accession 0001209191-16-093584
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
Jan 22, 2016
Accepted (ET)
Jan 26, 2016 · 4:17 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jan 22, 2016 | A | 14,573 | — | A | 33,271 | 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) 5,829 restricted shares where the restrictions will lapse over the four year period following the grant date on a pro-rata basis (25% per year) and (ii) 8,744 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.
- F2N/A
- F3Includes a total of 33,271 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.