SEC Form 4 · accession 0001209191-17-034533
MARLIN BUSINESS SERVICES CORP · MRLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Christopher Teets
Director
Period of report
May 18, 2017
Accepted (ET)
May 22, 2017 · 9:19 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 | May 18, 2017 | A | 2,409 | — | A | 20,889 | 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 StockF4 | $12.08 | holding | — | — | — | May 24, 2014 | May 25, 2017 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1Represents 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.
- F2N/A
- F3Includes 20,889 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
- F4Grant 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.