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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 4/26/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1129155 |
| Issuer Name: MARINE PRODUCTS CORP |
| Issuer Trading Symbol: MPX |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1005788 |
| | Owner Name: ROLLINS GARY W |
| Reporting Owner Address: |
| | Owner Street 1: 2170 PIEDMONT ROAD NE |
| | Owner Street 2: |
| | Owner City: ATLANTA |
| | Owner State: GA |
| | Owner ZIP Code: 30324 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: |
| | Other Text: |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock, $.10 Par Value |
| | Transaction Date: |
| | | Value: 4/26/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 4,348 |
| | | Transaction Price Per Share: |
| Value: 0 |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 732,054 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock, $.10 Par Value |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 219,149 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: Held indirectly through The Gary W. Rollins Revocable Trust |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock, $.10 Par Value |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 327,258 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: Held indirectly through WNEG Investments, L.P. |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock, $.10 Par Value |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,505 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By Spouse |
| Footnotes: |
| Footnote - F1: Represents 4,348 shares granted as equity compensation that vest immediately. |
| Footnote - F2: The reporting person disclaims for the purpose of Section 16 of the Exchange Act the beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership. |
| Owner Signature: |
| Signature Name: /s/ Callum Macgregor as attorney-in-fact for Gary W. Rollins |
| Signature Date: 4/30/24 |
