Willem Mesdag - Aug 9, 2021 Form 4 Insider Report for MARLIN BUSINESS SERVICES CORP (MRLN)

Role
10%+ Owner
Signature
/s/ Willem Mesdag (on behalf of himself and the other Reporting Persons)
Stock symbol
MRLN
Transactions as of
Aug 9, 2021
Transactions value $
$0
Form type
4
Date filed
9/16/2021, 07:09 PM
Previous filing
Aug 4, 2021
Next filing
Sep 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRLN Common Stock Other $0 -2.93M -89.04% $0.00 361K Aug 9, 2021 See Footnotes and Remarks F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Willem Mesdag is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On August 9, 2021, Red Mountain Partners, L.P. ("RMP") and Red Mountain Investors I LLC - Series A ("RMI") made a pro rata in-kind distribution for no consideration to their respective equity holders, with 2,092,583 shares distributed by RMP and 839,927 distributed by RMI.
F2 Represents shares received by Red Mountain Capital Partners LLC ("RMCP"), Red Mountain Capital Management, Inc. ("RMCM") and certain estate planning vehicles affiliated with Mr. Mesdag in the above-referenced pro-rata in kind distribution pursuant to the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

Remarks:

This Form 4 is jointly filed by (i) RMP, (ii) RMCP GP LLC ("RMCP GP"), (iii) RMI, (iv) RMCP Manager LLC ("RMCPM"), (v) RMCP, (vi) RMCM and (vii) Willem Mesdag. RMCP GP is the general partner of RMP. RMCPM is the managing member of RMI. RMCP is the managing member of RMCP GP and the sole member of RMCPM. RMCM is the managing member of RMCP. Willem Mesdag is the president, sole executive officer, sole director and sole shareholder of RMCM. Each of RMCP, RMCP GP, RMCM and Mr. Mesdag by virtue of their direct or indirect control of RMP may be deemed to beneficially own some or all of the securities reported as being held directly by RMP, and each of RMCP, RMCPM, RMCM and Mr. Mesdag by virtue of their direct or indirect control of RMI may be deemed to beneficially own some or all of the securities reported as being held directly by RMI, and RMCM and Mr. Mesdag by virtue of their direct or indirect control of RMCP may be deemed to beneficially own some or all of the securities reported as being held directly by RMCP. Each of the reporting persons hereunder disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein. This Form 4 shall not be deemed to be an admission that any reporting person hereunder is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. This filing constitutes an exit filing for the Reporting Persons, as the Reporting Persons are no longer subject to Section 16 of the Exchange Act as a result of the transactions reported herein.