Oakes Matthew Ettinger 4
4 · DIRECT INSITE CORP · Filed Aug 24, 2011
Insider Transaction Report
Form 4
DIRECT INSITE CORPDIRI.OB
Oakes Matthew Ettinger
Chief Operating Officer
Transactions
- Other
Common Stock
2011-08-23+0→ 427,145 total - Award
Stock Option (Right to buy)
2011-08-16$1.15/sh+22,500$25,875→ 22,500 totalExercise: $1.15Exp: 2016-08-16→ Common Stock (22,500 underlying)
Footnotes (2)
- [F1]No transaction has taken place with respect to the acquisition, disposition or change in beneficial ownership of the Issuer's non-derivative securities by the reporting person.
- [F2]2,500 stock options vest as of the date of grant; the remaining 20,000 stock options will vest in four equal installments on September 1, October 1, November 1 and December 1, 2011.