4/A//SEC Filing
Levin Michael 4/A
Accession 0001140361-09-007727
CIK 0000879703other
Filed
Mar 22, 8:00 PM ET
Accepted
Mar 23, 3:22 PM ET
Size
39.8 KB
Accession
0001140361-09-007727
Insider Transaction Report
Form 4/AAmended
DIRECT INSITE CORPDIRI.OB
Levin Michael
Director
Transactions
- Exercise/Conversion
Common Stock
2008-11-20$0.01/sh+100,000$1,000→ 2,342,657 total(indirect: Indirect) - Exercise/Conversion
Series A Preferred Stock
2008-09-25−934,580→ 0 total(indirect: Indirect)Exercise: $2.14From: 2002-10-04Exp: 2008-09-25→ Common Stock (934,580 underlying) - Exercise/Conversion
Option to Purchase
2008-11-20−400,000→ 0 total(indirect: Indirect)Exercise: $0.75From: 2005-12-01Exp: 2008-12-01→ Common Stock (400,000 underlying) - Exercise/Conversion
Common Stock Warrant (Right to Buy)
2008-11-20−176,508→ 0 total(indirect: Indirect)Exercise: $0.93From: 2005-12-18Exp: 2008-12-18→ Common Stock (176,508 underlying) - Exercise/Conversion
Common Stock
2008-09-25$2.14/sh+934,580$2,000,001→ 1,118,427 total(indirect: Indirect) - Exercise/Conversion
Common Stock
2008-09-25$2.14/sh+233,650$500,011→ 1,352,077 total(indirect: Indirect) - Exercise/Conversion
Common Stock
2008-09-25$1.40/sh+178,570$249,998→ 1,530,647 total(indirect: Indirect) - Exercise/Conversion
Common Stock
2008-11-20$0.93/sh+176,508$164,152→ 2,107,155 total(indirect: Indirect) - Award
Common Stock
2009-01-09$1.83/sh+5,464$9,999→ 2,384,824 total(indirect: Indirect) - Exercise/Conversion
Common Stock Warrant (Right to Buy)
2008-11-20−135,502→ 0 total(indirect: Indirect)Exercise: $0.92From: 2006-03-15Exp: 2009-03-15→ Common Stock (135,502 underlying) - Exercise/Conversion
Common Stock
2008-11-20$0.75/sh+400,000$300,000→ 1,930,647 total(indirect: Indirect) - Exercise/Conversion
Common Stock
2008-11-20$0.92/sh+135,502$124,662→ 2,242,657 total(indirect: Indirect) - Exercise/Conversion
Series A Preferred Stock
2008-09-25−178,570→ 0 total(indirect: Indirect)Exercise: $1.40From: 2003-06-05Exp: 2008-09-25→ Common Stock (178,570 underlying) - Exercise/Conversion
Common Stock Warrant (Right to Buy)
2008-11-20−100,000→ 0 total(indirect: Indiredct)Exercise: $0.01From: 2005-03-13Exp: 2012-03-28→ Common Stock (100,000 underlying) - Award
Common Stock
2009-01-09$0.54/sh+36,703$19,820→ 2,379,630 total(indirect: Indirect) - Exercise/Conversion
Series A Preferred Stock
2008-09-25−233,650→ 0 total(indirect: Indirect)Exercise: $2.14From: 2003-01-06Exp: 2008-09-25→ Common Stock (233,650 underlying) - Exercise/Conversion
Common Stock
2008-11-20−150,000→ 0 total(indirect: Indirect)Exercise: $2.13From: 2005-12-10Exp: 2008-12-10→ Common Stock (150,000 underlying)
Holdings
- 2,000
Common Stock
Footnotes (4)
- [F1]Series A Convertible Preferred Stock automatically converted to Common Stock on a 1-for-10 basis on September 25, 2008.
- [F2]Owned by Metropolitan Venture Partners II, L.P. ("Met VP"). The Reporting Person is (a) a managing director of MetVP, (b) a limited partner in Metropolitan Venture Partners (Advisors), L.P. ("Advisors"), the general partner of MetVP and (c) on the board and is a shareholder of Metropolitan Venture Partners Corp., the general partner of Advisors. Accordingly, the Reporting Person may be deemed, pursuant to Rule 13d-3 under the Securities Exchange Act of 1934 ("Exchange Act"), to beneficially and indirectly own the securities disclosed in this Form 4. Pursuant to Exchange Act Rule 16a-1(a)(4), this filing shall not be deemed an admission that Reporting Person is the beneficial owner of the securities in excess of the amount of the Reporting Person's pecuniary interest therein, and the Reporting Person disclaims beneficial ownership of such shares.
- [F3]Shares were issued directly to MetVP in respect of director fees.
- [F4]Expired without being exercised.
Documents
Issuer
DIRECT INSITE CORP
CIK 0000879703
Entity typeother
Related Parties
1- filerCIK 0001319848
Filing Metadata
- Form type
- 4/A
- Filed
- Mar 22, 8:00 PM ET
- Accepted
- Mar 23, 3:22 PM ET
- Size
- 39.8 KB