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