0001209191-14-011436.txt : 20140218
0001209191-14-011436.hdr.sgml : 20140217
20140218173455
ACCESSION NUMBER: 0001209191-14-011436
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140214
FILED AS OF DATE: 20140218
DATE AS OF CHANGE: 20140218
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: DYER DANIEL P
CENTRAL INDEX KEY: 0001268541
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50448
FILM NUMBER: 14623183
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
2014-02-14
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
2014-02-14
4
A
0
20581
A
369700
D
Option to Purchase Common Stock
12.41
2014-05-24
2017-05-24
Common Stock
39912
19956
D
Option to Purchase Common Stock
12.41
2013-05-24
2017-05-24
Common Stock
8612
8612
D
Option to Purchase Common Stock
9.52
2012-03-01
2015-03-01
Common Stock
31034
31034
D
Represents grants of restricted stock as part of long term incentive plan. This grant consists of: (i) 8,232 restricted shares where the restrictions will lapse over the four year period following the grant date on a pro-rata basis (25% per year) and (ii) 12,349 restricted performance shares where the restrictions will lapse seven years after the grant date, subject to accelerated lapsing over the three year period following the grant date if certain performance conditions are met.
N/A
Includes a total of 85,424 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.
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
2014-02-18