4//SEC Filing
DIRECT INSITE CORP 4
Accession 0001140361-14-002182
CIK 0000879703operating
Filed
Jan 13, 7:00 PM ET
Accepted
Jan 14, 8:57 PM ET
Size
18.0 KB
Accession
0001140361-14-002182
Insider Transaction Report
Form 4
Lisiak Paul
Director
Transactions
- Disposition to Issuer
Common Stock, par value $.0001 per share
2014-01-10$1.50/sh−45,395$68,093→ 2,315,790 total(indirect: See Footnotes) - Other
Common Stock, par value $.0001 per share
2014-01-13−375,143→ 1,892,613 total(indirect: See Footnotes) - Disposition to Issuer
Common Stock, par value $.0001 per share
2014-01-10$1.50/sh−372,155$558,233→ 1,943,635 total(indirect: See Footnotes) - Other
Common Stock, par value $.0001 per share
2014-01-13+98,308→ 1,892,613 total(indirect: See Footnotes) - Other
Common Stock, par value $.0001 per share
2014-01-13+201,268→ 1,868,068 total(indirect: See Footnotes) - Other
Common Stock, par value $.0001 per share
2014-01-13+225,813→ 1,892,613 total(indirect: See Footnotes) - Other
Common Stock, par value $.0001 per share
2014-01-13−225,813→ 1,868,068 total(indirect: See Footnotes)
Holdings
- 92,369
Common Stock, par value $.0001 per share
Footnotes (6)
- [F1]The Reporting Person is a managing director of Metropolitan Venture Partners Corp. ("MetVP Corp."), which is the general partner of Metropolitan Venture Partners (Advisors), L.P. ("MetVP Advisors") and of Metropolitan Venture Partners, L.P. ("MetVP LP"). The Reporting Person is also a member of the board of representatives of Metropolitan GP Holdings, LLC, Series METVP II ("MetGP"), the current general partner of Metropolitan Venture Partners II, L.P. ("MetVP II"). MetVP Advisors was, until shortly before the transactions described herein, the general partner of MetVP II. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that, for purposes of Section 16 of the Exchange Act or otherwise, the Reporting Person is or was the beneficial owner of the securities owned by any of the aforementioned entities other than to the extent of his pecuniary interest in such shares.
- [F2]Includes shares held by MetVP II, MetVP Corp., MetVP LP and MetVP Advisors. See explanatory note (1).
- [F3]MetVP Corp. sold 45,395 shares for $1.50 per share.
- [F4]MetVP II sold 372,155 shares for $1.50 per share.
- [F5]MetVP II distributed 375,143 shares to certain of its limited partners in connection with such limited partners' withdrawal from MetVP II. Of these 375,143 shares, 225,813 shares were distributed to MetVP Advisors and 98,308 shares were distributed to MetVP LP.
- [F6]MetVP Advisors distributed to its limited partners the 225,813 shares received in the distribution described above. Of these 225,813 shares, 201,268 shares were distributed to MetVP LP.
Documents
Issuer
DIRECT INSITE CORP
CIK 0000879703
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000879703
Filing Metadata
- Form type
- 4
- Filed
- Jan 13, 7:00 PM ET
- Accepted
- Jan 14, 8:57 PM ET
- Size
- 18.0 KB