4//SEC Filing
DIRECT INSITE CORP 4
Accession 0001354488-16-005811
CIK 0000879703operating
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 4:28 PM ET
Size
6.6 KB
Accession
0001354488-16-005811
Insider Transaction Report
Form 4
Lisiak Paul
Director
Transactions
- Award
Common Stock, par value $.0001 per share
2016-01-01+40,453→ 178,592 total
Holdings
- 1,782,703(indirect: .)
Common Stock, par value $.0001 per share
Footnotes (4)
- [F1]Represents an annual grant of shares of restricted stock as compensation for service as a director of the Issuer.
- [F2]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.
- [F3]The Reporting Person is the Managing Partner of Metropolitan Equity Partners, LLC, which is the Manager of Metropolitan GP Holdings, LLC, Series METVP II ("MetGP II") and Metropolitan GP Holdings, LLC, Series MEIH19 ("MetGP"). MetGP II is the general partner of Metropolitan Venture Partners II, L.P. ("MetVP II") and MetGP is the general partner of Metropolitan MEIH19, LP ("MEIH19"). 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.
- [F4]Includes 1,568,492 shares owned by MetVP II and 214,211 shares owned by MEIH19. See explanatory note (3).
Documents
Issuer
DIRECT INSITE CORP
CIK 0000879703
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000879703
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 4:28 PM ET
- Size
- 6.6 KB