X0304 4 2012-02-18 0 0001260968 MARLIN BUSINESS SERVICES CORP MRLN 0001268541 DYER DANIEL P C/O MARLIN BUSINESS SERVICES CORP. 300 FELLOWSHIP ROAD MOUNT LAUREL NJ 08054 1 1 0 0 Chief Executive Officer Common Stock 2012-02-18 4 F 0 10997 14.56 D 380146 D Option to Purchase Common Stock 12.41 2014-05-24 2017-05-24 Common Stock 39912 39912 D Option to Purchase Common Stock 12.41 2013-05-24 2017-05-24 Common Stock 8612 8612 D Option to Purchase Common Stock 3.39 2007-01-13 2013-01-13 Common Stock 7000 7000 D Option to Purchase Common Stock 10.18 2007-01-13 2013-01-13 Common Stock 6650 6650 D Option to Purchase Common Stock 9.52 2012-03-01 2015-03-01 Common Stock 22642 22642 D Option to Purchase Common Stock 9.52 2012-03-01 2015-03-01 Common Stock 31034 31034 D Represents the delivery of shares to pay the tax liability associated with the vesting of certain shares of restricted stock. Includes a total of 104,923 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; 2,870; 5,741; or 8,612. 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; 10,345; 20,689; or 31,034. /s/ George D. Pelose Attorney in Fact 2012-02-21