X0306 4 2012-11-02 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 2012-11-02 4 S 0 400 21.108 D 191892 D Common Stock 2012-11-02 4 S 0 100 21.66 D 191792 D Common Stock 2012-11-05 4 S 0 2477 20.27 D 189315 D Common Stock 2012-11-06 4 S 0 8301 19.91 D 181014 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 average price per share. Includes a total of 58,917 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 2012-11-06