SEC Form 4 · accession 0001209191-17-025379
MARLIN BUSINESS SERVICES CORP · MRLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Sherlock
Officer — Senior Vice President
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 7:59 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 | Mar 31, 2017 | F | 564 | $25.75 | D | 8,679 | D | |
| Common StockF3,F4 | Mar 31, 2017 | A | 970 | $0.00 | A | 9,649 | D |
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 StockF5 | $25.75 | Mar 31, 2017 | A | 3,810 | A | Mar 31, 2020 | Mar 31, 2024 | Common Stock | 3,810 | 3,810 | D |
Explanation of responses
- F1Represents the delivery of shares to pay the tax liability associated with the vesting of certain shares of restricted stock.
- F2Includes 4,240 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- F3Represents grant of restricted stock units as part of long term incentive plan. This grant consists of 970 restricted stock units where the restrictions will lapse over the three year period following the grant date on a pro-rata basis (one-third per year).
- F4Includes 4,240 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed and 970 restricted stock units.
- F5Date listed is the date of full vesting. Vests one-third per year beginning on the first anniversary of the date of grant.