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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option to Purchase Common Stock | $ 21.32 | 06/05/2010(3) | 06/05/2013 | Common Stock | 2,538 | 2,538 | D | ||||||||
Option to Purchase Common Stock | $ 21.32 | 06/05/2010(4) | 06/05/2013 | Common Stock | 3,808 (5) | 3,808 | D | ||||||||
Option to Purchase Common Stock | $ 20.77 | 03/16/2011(3) | 03/16/2014 | Common Stock | 3,457 | 3,457 | D | ||||||||
Option to Purchase Common Stock | $ 20.77 | 03/16/2011(4) | 03/16/2014 | Common Stock | 4,794 (6) | 4,794 | D | ||||||||
Option to Purchase Common Stock | $ 9.52 | 03/01/2012(3) | 03/01/2015 | Common Stock | 8,948 | 8,948 | D | ||||||||
Option to Purchase Common Stock | $ 9.52 | 03/01/2012(4) | 03/01/2012 | Common Stock | 12,265 (7) | 12,265 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WILSON LYNNE C C/O MARLIN BUSINESS SERVICES CORP. 300 FELLOWSHIP ROAD MOUNT LAUREL, NJ 08054 |
Chief Financial Officer |
/s/ George D. Pelose Attorney-in-fact | 03/03/2009 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents the delivery of shares to pay the tax liability associated with the vesting of certain shares of restricted stock. |
(2) | Includes a total of 72,275 shares of restricted stock, where as of the date of this filing, the restrictions have not yet lapsed. |
(3) | Date listed is date of full vesting. This grant vests 25% per year beginning on the first anniversary of the grant date. |
(4) | Represents the date the options will cliff vest if certain four year diluted EPS compounded average growth rate targets are achieved. |
(5) | Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by diluted EPS compounded average growth rates over a four year performance period. Depending on the diluted EPS compounded average growth rate achieved for the four year period, the number of options that vest at the end of the four year period could be 0; 1,269; 2,539; or 3,808. |
(6) | Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by diluted EPS compounded average growth rates over a four year performance period. Depending on the diluted EPS compounded average growth rate achieved for the four year period, the number of options that vest at the end of the four year period could be 0; 1,598; 3,196; or 4,794. |
(7) | Represents the maximum number of options that may vest under this performance option grant. Vesting will be determined by diluted EPS growth rates averaged over a four year performance period. Depending on the average diluted 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; 4,088; 8,177; or 12,265. |