0001209191-12-005837.txt : 20120127 0001209191-12-005837.hdr.sgml : 20120127 20120127170333 ACCESSION NUMBER: 0001209191-12-005837 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120126 FILED AS OF DATE: 20120127 DATE AS OF CHANGE: 20120127 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PELOSE GEORGE D CENTRAL INDEX KEY: 0001268540 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50448 FILM NUMBER: 12552507 MAIL ADDRESS: STREET 1: 124 GAITHER DRIVE STE 170 STREET 2: C/O MARLIN BUSINESS SERVICES CORP CITY: MOUNT LAURAL STATE: NJ ZIP: 08054 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MARLIN BUSINESS SERVICES CORP CENTRAL INDEX KEY: 0001260968 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 383686388 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 300 FELLOWSHIP ROAD CITY: MT. LAUREL STATE: NJ ZIP: 08054 BUSINESS PHONE: 8884799111 MAIL ADDRESS: STREET 1: 300 FELLOWSHIP ROAD CITY: MT. LAUREL STATE: NJ ZIP: 08054 FORMER COMPANY: FORMER CONFORMED NAME: MARLIN BUSINESS SERVICES INC DATE OF NAME CHANGE: 20030822 4 1 doc4.xml FORM 4 SUBMISSION X0304 4 2012-01-26 0 0001260968 MARLIN BUSINESS SERVICES CORP MRLN 0001268540 PELOSE GEORGE D C/O MARLIN BUSINESS SERVICES CORP. 300 FELLOWSHIP ROAD MOUNT LAUREL NJ 08054 0 1 0 0 Chief Operating Officer Common Stock 2012-01-26 4 A 0 8864 A 220058 D Common Stock 2012-01-26 4 F 0 11757 13.94 D 208301 D Option to Purchase Common Stock 12.41 2014-05-24 2017-05-24 Common Stock 29348 29348 D Option to Purchase Common Stock 12.41 2013-05-24 2017-05-24 Common Stock 6616 6616 D Option to Purchase Common Stock 10.18 2007-01-13 2013-01-13 Common Stock 6055 6055 D Option to Purchase Common Stock 9.52 2012-03-01 2015-03-01 Common Stock 17394 17394 D Option to Purchase Common Stock 9.52 2012-03-01 2015-03-01 Common Stock 23842 23842 D Represents grants of restricted stock as part of long term incentive plan. This grant consists of: (i) 4,432 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) 4,432 matching grant of restricted shares pursuant to a management stock ownership plan where the restrictions will lapse ten years after the grant date, subject to acclerated lapsing if the Reporting Person maintains ownership of at least a comparable number of unrestricted shares for three years after the grant date. N/A Includes a total of 114,495 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed. Represents the delivery of shares to pay the tax liability associated with the vesting of certain shares of restricted stock. Includes a total of 78,103 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed. Date listed is the date of full vesting. Vests 25% per year beginning on the first anniversary of the date of grant. Represents the date the options will cliff vest if certain four year average EPS growth targets are achieved. Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by EPS growth rates averaged over a four year performance period. Depending on the average EPS growth rate achieved for the four year period, the number of shares that vest at the end of the four year period could be 0; 2,205; 4,410; or 6,616. Date listed is the date of full vesting. Each grants vests 25% per year beginning on the first anniversary of the date of grant. Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by EPS growth rates averaged over a four year performance period. Depending on the average EPS growth rate achieved for the four year period, the number of shares that vest at the end of the four year period could be 0; 7,947; 15,895; or 23,842. /s/ George D. Pelose 2012-01-27