CARBERRY ROBERT 4
4 · DIRECT INSITE CORP · Filed Aug 27, 2003
Insider Transaction Report
Form 4
CARBERRY ROBERT
President
Transactions
- Award
2003-A Stock Option Plan (Right to Buy)
2003-08-25$1.16/sh+200,000$232,000→ 200,000 totalExercise: $1.16From: 2003-08-25Exp: 2008-08-31→ Common Stock (200,000 underlying) - Award
2002A Stock Option Plan (Right to Buy)
2002-12-18$2.05/sh+57,500$117,875→ 57,500 totalExercise: $2.05From: 2005-06-30Exp: 2005-06-30→ Common Stock (57,500 underlying) - Award
2003A Stock Option Plan (Right to Buy)
2003-07-18$1.26/sh+3,000$3,780→ 3,000 totalExercise: $1.26From: 2005-03-31Exp: 2006-04-01→ Common Stock (3,000 underlying)
Holdings
- 4,400
Common Stock
- 197,665(indirect: See)
Common Stock
Footnotes (3)
- [F1]The options become exercisable as follows: 150,000 immediately, then 5,000 per month for 10 months.
- [F2]The options become exercisable as follows: one-third on 6/30/03; one-third on 6/30/04; one-third on 6/30/05.
- [F3]These shares are owned by Telluride Group, Inc., a corporation in which Mr. Carberry owns a 33-1/3% interest. Mr. Carberry disclaims beneficial ownership of these shares.