Matthew J. Sullivan - Jun 3, 2021 Form 4 Insider Report for MARLIN BUSINESS SERVICES CORP (MRLN)

Role
Director
Signature
/s/ Ryan S. Melcher
Stock symbol
MRLN
Transactions as of
Jun 3, 2021
Transactions value $
$0
Form type
4
Date filed
6/7/2021, 09:44 PM
Next filing
Jan 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRLN Common Stock Award $0 +2.66K +4.41% $0.00 63.1K Jun 3, 2021 Direct F1, F2
holding MRLN Common Stock 234K Jun 3, 2021 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of restricted stock as part of the Company's compensation program for non-employee directors. The restrictions on these shares shall lapse upon the earlier of (i) seven years from the grant date and (ii) six months following the Director's termination of Board service.
F2 Includes 24,991 shares of restricted stock where, as of the date of this filing, the restrictions have not yet lapsed.
F3 The 234,483 reported shares are owned by Peachtree CIP, L.P., whose general partner is Peachtree Equity Management, LLC (the "General Partner"). The reporting person is the Managing Director of the General Partner and could be deemed to be an indirect holder of the reported shares. The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that he is the beneficial owner of these shares for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.