0001209191-13-043914.txt : 20130911 0001209191-13-043914.hdr.sgml : 20130911 20130911195218 ACCESSION NUMBER: 0001209191-13-043914 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130909 FILED AS OF DATE: 20130911 DATE AS OF CHANGE: 20130911 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 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: 131091958 MAIL ADDRESS: STREET 1: 124 GAITHER DRIVE STE 170 STREET 2: C/O MARLIN BUSINESS SERVICES CORP CITY: MOUNT LAURAL STATE: NJ ZIP: 08054 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2013-09-09 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 2013-09-09 4 M 0 13539 9.52 A 184435 D Common Stock 2013-09-09 4 S 0 8305 25.762 D 176130 D Common Stock 2013-09-09 4 M 0 22011 12.41 A 198141 D Common Stock 2013-09-09 4 S 0 15025 25.762 D 183116 D Option to Purchase Common Stock 12.41 2013-09-09 4 M 0 22011 D 2014-05-24 2017-05-24 Common Stock 29348 7337 D Option to Purchase Common Stock 12.41 2013-05-24 2017-05-24 Common Stock 6616 6616 D Option to Purchase Common Stock 9.52 2013-09-09 4 M 0 13539 D 2012-03-01 2015-03-01 Common Stock 17394 0 D Option to Purchase Common Stock 9.52 2012-03-01 2015-03-01 Common Stock 23842 23842 D Includes a total of 51,507 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed. Represents average price per share. Date listed is the date of full vesting. Vests 25% per year beginning on the first anniversary of the date of grant. N/A 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 2013-09-11