4//SEC Filing
DIRECT INSITE CORP 4
Accession 0001354488-16-005790
CIK 0000879703operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 8:44 PM ET
Size
7.7 KB
Accession
0001354488-16-005790
Insider Transaction Report
Form 4
Lund Thomas C
Director
Transactions
- Award
Common Stock, par value $.0001 per share
2015-12-31+4,045→ 225,297 total - Award
Common Stock, par value $.0001 per share
2016-01-01+40,453→ 265,750 total
Holdings
- 2,230,334(indirect: .)
Common Stock, par value $.0001 per share
Footnotes (5)
- [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.
- [F5]Includes 1,640,601 shares held in trust under Trust Agreement dated 9/16/94, Thomas C. Lund Trustee for the benefit of Thomas C. Lund and 589,733 shares held by spouse.
Documents
Issuer
DIRECT INSITE CORP
CIK 0000879703
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000879703
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 8:44 PM ET
- Size
- 7.7 KB