X0202 4 2005-01-11 0 0001260968 MARLIN BUSINESS SERVICES CORP MRLN 0001268539 SHIVERS GARY R C/O MARLIN BUSINESS SERVICES CORP. 300 FELLOWSHIP ROAD MOUNT LAUREL NJ 08054 1 1 0 0 President Common Stock 2005-01-11 4 A 0 8194 A 272853 D Option to Purchase Common Stock 17.52 2005-01-11 4 A 0 14881 A 2009-01-11 2012-01-10 Common Stock 14881 14881 D Option to Purchase Common Stock 1.91 2001-10-01 2007-10-01 Common Stock 31500 31500 D Option to Purchase Common Stock 4.23 2004-04-03 2010-04-03 Common Stock 28000 28000 D Option to Purchase Common Stock 10.18 2005-10-04 2011-10-04 Common Stock 51240 51240 D Option to Purchase Common Stock 3.39 2006-01-17 2012-01-17 Common Stock 14000 14000 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 18.80 2012-01-29 2014-01-28 Common Stock 15000 15000 D Represents grants of restricted stock as part of annual long term incentive plan. The restrictions on 6,250 of these shares shall lapse after seven years from the transaction date, subject to accelerated lapsing if the Company achieves certain financial performance targets. The remaining 1,944 shares represent a matching grant of restricted stock pursuant to a management stock purchase program, and the restrictions on these shares shall lapse after three years from the transaction date. N/A Includes a total of 32,989 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. Each grants vests 25% per year beginning on the first anniversary of the date of grant. Date listed is date of scheduled full vesting. This grant vests over an eight year period at the following annual increments: 2.5% in first year; 5.0% in second year; 7.5% in third year; 10.0% in fourth year; 15.0% in fifth year; and 20.0% in each of the sixth, seventh and eighth years. Vesting can be accelerated upon the reporting person's achievement of certain performance goals set forth in the grant instrument. /s/ George D. Pelose Attorney in Fact 2005-01-12