X0202 4 2004-05-26 0 0001260968 MARLIN BUSINESS SERVICES CORP MRLN 0001206686 WERT JAMES W C/O MARLIN BUSINESS SERVICES CORP. 124 GAITHER DRIVE MOUNT LAUREL NJ 08054 1 0 0 0 Option to Purchase Common Stock 16.0100 2004-05-26 4 A 0 1500.0000 A 2005-05-26 2014-05-25 Common Stock 1500.0000 1500.0000 D Option to Purchase Common Stock 2.8100 2002-03-01 2008-03-01 Common Stock 21391.0000 21391.0000 D Option to Purchase Common Stock 3.3900 2006-01-17 2012-01-17 Common Stock 7000.0000 7000.0000 D Option to Purchase Common Stock 3.3900 2007-01-13 2013-01-13 Common Stock 2800.0000 2800.0000 D Option to Purchase Common Stock 14.0000 2007-11-11 2013-11-10 Common Stock 5000.0000 5000.0000 D Grant made pursuant to the Company's Director compensation plan. Date listed is the date of full vesting (which is one year from the date of grant). The grant vests in equal quarterly installments over the one year vesting period. N/A Date listed is the date of full vesting. Each grants vests 25% per year beginning on the first anniversary of the date of grant. /s/ George D. Pelose Attorney in Fact 2004-05-28