X0202 4 2008-02-29 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 2008-02-29 4 A 0 11050 A 185417 D Option to Purchase Common Stock 17.52 2009-01-11 2012-01-10 Common Stock 21429 21429 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 20000 20000 D Option to Purchase Common Stock 21.60 2010-03-28 2013-03-28 Common Stock 8016 8016 D Option to Purchase Common Stock 21.60 2010-03-28 2013-03-28 Common Stock 12026 12026 D Option to Purchase Common Stock 20.77 2011-03-16 2014-03-16 Common Stock 9314 9314 D Option to Purchase Common Stock 20.77 2011-03-16 2014-03-16 Common Stock 12919 12919 D Option to Purchase Common Stock 9.52 2008-02-29 4 A 0 22642 A 2012-03-01 2015-03-01 Common Stock 22642 22642 D Option to Purchase Common Stock 9.52 2008-02-29 4 A 0 31034 A 2012-03-01 2015-03-01 Common Stock 31034 31034 D This grant includes 5,000 shares of restricted stock granted in lieu of a portion of Reporting Person's cash bonus, and the restrictions on these shares shall lapse after one year from the transaction date. The remaining 6,050 shares represent a matching grant of restricted stock pursuant to a management stock purchase program, and the restrictions on these shares shall lapse after ten years from the transaction date, subject to accelerated lapsing if the Reporting Person maintains ownership of a certain number of unrestricted shares for three years from the transaction date. N/A Includes 900 shares acquired under the Marlin Business Services Corp. 2003 Employee Stock Purchase Plan on December 31, 2007. Includes a total of 36,398 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. 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; 4,008; 8,017; or 12,026. 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; 4,306; 8,612; or 12,919. 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 2008-03-04