DIRECT INSITE CORP 4
4 · DIRECT INSITE CORP · Filed Jan 5, 2015
Insider Transaction Report
Form 4
Murabito John J.
Director
Transactions
- Award
Common Stock, par value $.0001 per share
2015-01-01+33,784→ 361,949 total - Award
Common Stock, par value $.0001 per share
2014-12-31+3,378→ 328,165 total
Footnotes (4)
- [F1]Represents shares of common stock that the Reporting Person elected to receive in lieu of cash director fees.
- [F2]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.
- [F3]Represents an annual grant of shares of restricted stock as compensation for service as a director of the Issuer.
- [F4]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.