-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, No5cAvPlvm2IVLysgF9KXr+II1zXFBxCxOTXOVWJP795vcqXPmzLbg2ufFmlxdpr H+yc8QLHCbgEFMP5Fp0ueA== 0001140361-07-022938.txt : 20071127 0001140361-07-022938.hdr.sgml : 20071127 20071127185823 ACCESSION NUMBER: 0001140361-07-022938 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071121 FILED AS OF DATE: 20071127 DATE AS OF CHANGE: 20071127 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DIRECT INSITE CORP CENTRAL INDEX KEY: 0000879703 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 112895590 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 80 ORVILLE DR CITY: BOHEMIA STATE: NY ZIP: 11716 BUSINESS PHONE: 631-873-2900 MAIL ADDRESS: STREET 1: 80 ORVILLE DRIVE CITY: BOHEMIA STATE: NY ZIP: 11716 FORMER COMPANY: FORMER CONFORMED NAME: COMPUTER CONCEPTS CORP /DE DATE OF NAME CHANGE: 19930328 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: METROPOLITAN VENTURE PARTNERS II LP CENTRAL INDEX KEY: 0001165125 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20660 FILM NUMBER: 071269866 BUSINESS ADDRESS: STREET 1: 257 PARK AVENUE SOUTH STREET 2: 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2128443675 MAIL ADDRESS: STREET 1: 257 PARK AVE. SOUTH STREET 2: 15TH FL CITY: NEW YORK STATE: NY ZIP: 10010 4 1 doc1.xml FORM 4 X0202 4 2007-11-21 0 0000879703 DIRECT INSITE CORP DIRI.OB 0001165125 METROPOLITAN VENTURE PARTNERS II LP 432 PARK AVENUE SOUTH 12TH FLOOR NEW YORK NY 10016 1 0 1 0 Common Stock 2007-11-21 4 A 0 100000 A 183847 D Series C Redeemable Preferred Stock 290 D Common Stock Purchase Warrant (Right to Buy) 0.01 2005-03-30 4 A 0 100000 0.01 A 2005-03-30 2012-03-29 Common Stock 100000 100000 D Common Stock Warrant (Right to Buy) 0.9225 2004-05-26 4 A 0 135502 0.9225 A 2006-03-15 2009-03-15 Common Stock 135502 135502 D Common Stock Warrant (Right to Buy) 0.9348 2004-05-26 4 A 0 176508 0.9348 A 2005-12-18 2008-12-18 Common Stock 176508 176508 D Option to Purchase 0.75 2003-12-01 4 A 0 250000 0.75 A 2005-12-01 2008-12-01 Common Stock 250000 250000 D 2002 Stock Option Plan 0.75 2003-12-01 4 A 0 31000 0.75 A 2005-12-01 2008-12-01 Common Stock 31000 31000 D 2002 A Stock Option Plan 0.75 2003-12-01 4 A 0 47000 0.75 A 2005-12-01 2008-12-01 Common Stock 47000 47000 D 2003 Stock Option Plan 0.75 2003-12-01 4 A 0 47000 0.75 A 2005-12-01 2008-12-01 Common Stock 47000 47000 D 2003 A Stock Option Plan 0.75 2003-12-01 4 A 0 25000 0.75 A 2005-12-01 2008-12-01 Common Stock 25000 25000 D Series A Convertible Preferred Stock 1.40 2003-06-03 4 A 0 17857 1.40 A 2003-06-30 2008-09-25 Common Stock 17857 17857 D Common Stock Warrant (Right to Buy) 2.125 2003-12-10 4 A 0 150000 2.125 A 2005-12-10 2008-12-10 Common Stock 150000 150000 D Series A Convertible Preferred Stock 2.14 2003-01-02 4 A 0 23365 2.14 A 2003-01-02 2008-09-25 Common Stock 23365 23365 D Series A Convertible Preferred Stock 2.14 2002-10-04 4 A 0 93458 2.14 A 2002-10-04 2008-09-25 Common Stock 93458 93458 D Issued pursuant to the terms of a Settlement Agreement between the Issuer and the Reporting Person, dated as of November 21, 2007. Metropolitan Venture Partners (Advisors), L.P. (?MetVP Advisors?) is the general partner of the Reporting Person. Metropolitan Venture Partners Corp. (?MetVP Corp?) is the general partner of MetVP Advisors. MetVP Advisors and MetVP Corp may be deemed, pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended (?Exchange Act?), to beneficially own all of the securities disclosed on this Form 4. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that MetVP Advisors or MetVP Corp, for purposes of Section 16 of the Exchange Act or otherwise, are the beneficial owners of the securities beneficially owned by the Reporting Person in excess of the amount of their respective pecuniary interests in such securities, and MetVP Advisors and MetVP Corp disclaim beneficial ownership of such shares. Reporting Person may be deemed to be a director for purposes of Section 16 of the Exchange Act by reason of its right to nominate one person to serve on the Board of Directors of the Company in accordance with terms and conditions of a Stock Purchase and Registration Rights Agreement dated as of September 25, 2002 by and between the Reporting Person and the Issuer. Exhibit List Exhibit 99 -- Joint Filer Information /s/ Michael Levin, VP of Finance of Metropolitan Ventures Partners Corp. 2007-11-27 EX-99.1 2 misc1.htm MISCELLEANOUS EXHIBITS Unassociated Document

EXHIBIT 99
 
FORM 4 JOINT FILER INFORMATION

 
Name:                   Metropolitan Venture Partners (Advisors), LP
 
Address:                  c/o Metropolitan Venture Partners
              432 Park Avenue South, 12th Floor
              New York, New York 10016
 
Designated Filer:            Metropolitan Venture Partners II LP
 
Issuer & Ticker Symbol:       Direct Insite Corp (DIRI.OB)

Statement for Month/Date/Year:     11/21/2007

 
   Signature:
METROPOLITAN VENTURE PARTNERS (ADVISORS), LP
 
By:
Metropolitan Venture Partners Corp., its general partner

 
By:
 /s/ Michael Levin
 
Name: Michael Levin
 
Title:   Vice President of Finance
 
Name:                  Metropolitan Venture Partners Corp.
   
    Address:                 c/o Metropolitan Venture Partners
                 432 Park Avenue South, 12th Floor
                 New York, New York 10016
 
    Designated Filer:           Metropolitan Venture Partners II LP
 
Issuer & Ticker Symbol:      Direct Insite Corp (DIRI.OB)
 
Statement for Month/Date/Year:    11/21/2007
 
    Signature:                        METROPOLITAN VENTURE PARTNERS CORP.

 
By:
/s/ Michael Levin
 
Name: Michael Levin
 
Title:   Vice President of Finance
 
 

 
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