4//SEC Filing
Lisiak Paul 4
Accession 0001140361-13-014776
CIK 0000879703other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 4:20 PM ET
Size
19.1 KB
Accession
0001140361-13-014776
Insider Transaction Report
Form 4
Lisiak Paul
Director
Transactions
- Award
Common Stock, par value $.0001 per share
2013-01-01+12,195→ 51,455 total - Award
Common Stock, par value $.0001 per share
2013-03-31+11,029→ 62,484 total
Holdings
- 2,361,185(indirect: See Footnotes)
Common Stock, par value $.0001 per share
Footnotes (6)
- [F1]Represents an annual grant of shares of restricted stock as compensation for service as a director of the Issuer.
- [F2]Represents shares of common stock that the Reporting Person elected to receive in lieu of cash director fees.
- [F3]The shares vest daily over a two-year period. Pursuant to the Directors' Deferred Compensation Plan of the Issuer, the Reporting Person has elected to defer receipt of the shares until January 15th of the year following his termination of service as director.
- [F4]Pursuant to the Directors' Deferred Compensation Plan of the Issuer, the Reporting Person has elected to defer receipt of the shares until January 15th of the year following his termination of service as director.
- [F5]Includes (i) 2,315,790 shares owned by Metropolitan Venture Partners II, L.P. ("MetVP II") and (ii) 45,395 shares owned by Metropolitan Venture Partners Corp. ("MetVP Corp."). The Reporting Person is a managing director of MetVP Corp., which is the general partner of Metropolitan Venture Partners (Advisors), L.P. ("MetVP Advisors" and, together with MetVP II and MetVP Corp., the "MetVP Entities"). MetVP Advisors is the general partner of MetVP II. By reason of its position as the general partner of MetVP II, MetVP Advisors may be deemed to possess the shared power to vote and dispose of the shares beneficially owned by MetVP II. By reason of its position as the general partner of MetVP Advisors, MetVP Corp. may be deemed to possess the shared power to vote and dispose of the shares beneficially owned by MetVP Advisors and MetVP II.
- [F6]Footnote 5 continued. As a result of the foregoing, the Reporting Person may be deemed to possess the shared power to vote and dispose of the shares beneficially owned by the MetVP Entities.
Documents
Issuer
DIRECT INSITE CORP
CIK 0000879703
Entity typeother
Related Parties
1- filerCIK 0001569703
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 4:20 PM ET
- Size
- 19.1 KB