SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
WILSON LYNNE C

(Last) (First) (Middle)
C/O MARLIN BUSINESS SERVICES CORP.
300 FELLOWSHIP ROAD

(Street)
MOUNT LAUREL NJ 08054

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MARLIN BUSINESS SERVICES CORP [ MRLN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/14/2012
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/14/2012 M 8,948 A $9.52 92,759 (1) D
Common Stock 09/14/2012 S 6,240 D $18.0048 (2) 86,519 (1) D
Common Stock 09/14/2012 M 1,976 A $12.41 88,495 (1) D
Common Stock 09/14/2012 S 1,593 D $17.9418 (2) 86,902 (1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Purchase Common Stock $12.41 09/14/2012 M 1,976 05/24/2014 (3) 05/24/2017 Common Stock 3,952 (4) 1,976 D
Option to Purchase Common Stock $12.41 05/24/2013 (5) 05/24/2017 Common Stock 3,196 (6) 3,196 D
Option to Purchase Common Stock $9.52 09/14/2012 M 8,948 03/01/2012 (7) 03/01/2015 Common Stock 8,948 (4) 0 D
Option to Purchase Common Stock $9.52 03/01/2012 (5) 03/01/2012 Common Stock 12,265 (8) 12,265 D
Explanation of Responses:
1. Includes a total of 32,863 shares of restricted stock, where as of the date of this filing, the restrictions have not yet lapsed.
2. Represents average price per share.
3. Date listed is the date of full vesting. Vests 25% per year beginning on the first anniversary of the date of grant.
4. N/A
5. Represents the date the options will cliff vest if certain four year diluted EPS compounded average growth rate targets are achieved.
6. Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by diluted EPS compounded average growth rates over a four year performance period. Depending on the diluted EPS compounded average growth rate achieved for the four year period, the number of options that vest at the end of the four year period could be 0; 1,065; 2,130; or 3,196.
7. Date listed is date of full vesting. This grant vests 25% per year beginning on the first anniversary of the grant date.
8. Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by diluted EPS growth rates averaged over a four year performance period. Depending on the average diluted 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; 4,088; 8,177; or 12,265.
Remarks:
/s/ George D. Pelose Attorney-in-fact 09/18/2012
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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