DIRECT INSITE CORP 4
4 · DIRECT INSITE CORP · Filed Sep 6, 2013
Insider Transaction Report
Form 4
Oakes Matthew Ettinger
Chief Operating Officer
Transactions
- Exercise/Conversion
Stock Option (Right to buy)
2013-09-05−150,000→ 0 totalExercise: $1.15Exp: 2017-01-01→ Common Stock, par value $.0001 per share (150,000 underlying) - Tax Payment
Common Stock, par value $.0001 per share
2013-09-05$1.62/sh−122,152$197,886→ 537,493 total - Exercise/Conversion
Stock Option (Right to buy)
2013-09-05−22,500→ 0 totalExercise: $1.15From: 2011-12-31Exp: 2016-08-16→ Common Stock, par value $.0001 per share (22,500 underlying) - Exercise/Conversion
Common Stock, par value $.0001 per share
2013-09-05$1.15/sh+172,500$198,375→ 659,645 total
Footnotes (2)
- [F1]122,152 shares of common stock were withheld by the Issuer at a market price of $1.62 per share less an exercise price of $1.15 as payment for the cashless exercise of 172,500 stock options held by the Reporting Person.
- [F2]90,000 of such options vested on January 1, 2013 and (ii) 7,500 of such options vested on each monthly anniversary of the grant date from February 1, 2013 through September 1, 2013.