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