Summe Philip 4
4 · DIRECT INSITE CORP · Filed Apr 1, 2013
Insider Transaction Report
Form 4
Summe Philip
Director
Transactions
- Award
Common Stock, par value $.0001 per share
2013-01-01+36,585→ 146,939 total - Award
Common Stock, par value $.0001 per share
2013-03-31+8,824→ 155,763 total
Footnotes (4)
- [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.