Sec Form 4 Filing - MESDAG WILLEM @ MARLIN BUSINESS SERVICES CORP - 2020-06-08

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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1. Name and Address of Reporting Person MESDAG WILLEM 2. Issuer Name and Ticker or Trading Symbol MARLIN BUSINESS SERVICES CORP [ MRLN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 10250 CONSTELLATION BLVD SUITE 2300 3. Date of Earliest Transaction (MM/DD/YY) 06/08/2020 (Street) LOS ANGELES, CA90067 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 06/08/2020 S 195 D $ 10.0305 ( 1 ) 24,805 ( 2 ) I See Footnotes and Remarks ( 2 ) Common Stock 06/08/2020 S 10,561 D $ 10.0305 ( 3 ) 2,113,706 ( 4 ) I See Footnotes and Remarks ( 4 ) Common Stock 06/08/2020 S 4,244 D $ 10.0305 ( 5 ) 848,414 ( 6 ) I See Footnotes and Remarks ( 6 ) Common Stock 06/09/2020 S 260 D $ 9.4105 ( 1 ) 24,545 ( 2 ) I See Footnotes and Remarks ( 2 ) Common Stock 06/09/2020 S 14,082 D $ 9.4105 ( 3 ) 2,099,624 ( 4 ) I See Footnotes and Remarks ( 4 ) Common Stock 06/09/2020 S 5,658 D $ 9.4105 ( 5 ) 842,756 ( 6 ) I See Footnotes and Remarks ( 6 ) Common Stock 06/10/2020 S 130 D $ 8.7497 ( 1 ) 24,415 ( 2 ) I See Footnotes and Remarks ( 2 ) Common Stock 06/10/2020 S 7,041 D $ 8.7497 ( 3 ) 2,092,583 ( 4 ) I See Footnotes and Remarks ( 4 ) Common Stock 06/10/2020 S 2,829 D $ 8.7497 ( 5 ) 839,927 ( 6 ) I See Footnotes and Remarks ( 6 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other MESDAG WILLEM 10250 CONSTELLATION BLVD SUITE 2300 LOS ANGELES, CA90067 X RED MOUNTAIN CAPITAL PARTNERS LLC 10250 CONSTELLATION BLVD SUITE 2300 LOS ANGELES, CA90067 X RED MOUNTAIN PARTNERS, L.P. 10250 CONSTELLATION BLVD SUITE 2300 LOS ANGELES, CA90067 X RMCP GP LLC 10250 CONSTELLATION BLVD SUITE 2300 LOS ANGELES, CA90067 X RED MOUNTAIN INVESTORS I LLC - SERIES A 10250 CONSTELLATION BLVD SUITE 2300 LOS ANGELES, CA90067 Please refer to Remarks below RMCP MANAGER LLC 10250 CONSTELLATION BLVD SUITE 2300 LOS ANGELES, CA90067 Please refer to Remarks below RED MOUNTAIN CAPITAL MANAGEMENT INC 10250 CONSTELLATION BLVD SUITE 2300 LOS ANGELES, CA90067 X Signatures /s/ Willem Mesdag (on behalf of himself and the other Reporting Persons) 06/10/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These shares of common stock were sold on the open market by Red Mountain Capital Partners LLC ("RMCP"). The price reported in Column 4 is a weighted average price per share. Each of Willem Mesdag, Red Mountain Partners, L.P. ("RMP"), RMCP GP LLC ("RMCP GP"), RMCP, Red Mountain Investors I LLC ("RMI"), RMCP Manager LLC ("RMCPM") and Red Mountain Capital Management, Inc. ("RMCM"), collectively the Reporting Persons ("Reporting Persons"), undertakes to provide to Marlin Business Services Corp. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the price at which these shares were sold. ( 2 )These shares are held directly by RMCP. ( 3 )These shares of common stock were sold on the open market by RMP. The price reported in Column 4 is a weighted average price per share. Each of the Reporting Persons undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the price at which these shares were sold. ( 4 )These shares are held directly by RMP. ( 5 )These shares of common stock were sold on the open market by RMI. The price reported in Column 4 is a weighted average price per share. Each of the Reporting Persons undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the price at which these shares were sold. ( 6 )These shares are held directly by RMI.

Remarks: This Form 4 is jointly filed by (i) RMP, (ii) RMCP GP, (iii) RMI, (iv) 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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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