0001140361-11-016511.txt : 20110314 0001140361-11-016511.hdr.sgml : 20110314 20110314211549 ACCESSION NUMBER: 0001140361-11-016511 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101202 FILED AS OF DATE: 20110314 DATE AS OF CHANGE: 20110314 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Levin Michael CENTRAL INDEX KEY: 0001319848 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20660 FILM NUMBER: 11686961 MAIL ADDRESS: STREET 1: C/O METROPOLITAN VENTURE PARTNERS STREET 2: 257 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 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: 13450 WEST SUNRISE BOULEVARD STREET 2: SUITE 510 CITY: SUNRISE STATE: FL ZIP: 33323 BUSINESS PHONE: 631-873-2900 MAIL ADDRESS: STREET 1: 13450 WEST SUNRISE BOULEVARD STREET 2: SUITE 510 CITY: SUNRISE STATE: FL ZIP: 33323 FORMER COMPANY: FORMER CONFORMED NAME: COMPUTER CONCEPTS CORP /DE DATE OF NAME CHANGE: 19930328 4 1 doc1.xml FORM 4 X0303 4 2010-12-02 0 0000879703 DIRECT INSITE CORP DIRI.OB 0001319848 Levin Michael 590 MADISON AVENUE 34TH FLOOR NEW YORK NY 10022 1 0 0 0 Common Stock 2010-12-02 4 A 0 10225 0.978 A 79259 I Indirect Common Stock 2010-12-02 4 A 0 11136 0.898 A 90395 I Indirect Common Stock 2315790 I Indirect Common Stock 2000 D The shares were issued directly to Metropolitan Venture Partners Corp. ("MetVP Corp.") in respect of board fees for services provided by the Reporting Person. The Reporting Person is a managing director, on the board of directors and is a shareholder of MetVP Corp., which is the general partner of Metropolitan Venture Partners (Advisors), L.P. ("MetVP Advisors"). The Reporting Person is a limited partner in MetVP Advisors, which is the general partner of Metropolitan Venture Partners II, L.P. ("MetVP II"). As a result of the foregoing, the Reporting Person may be deemed, pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended ("Exchange Act"), to beneficially and indirectly own 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 the Reporting Person, for purposes of Section 16 of the Exchange Act or otherwise, is the beneficial owner of the securities in excess of the amount of the Reporting Person's pecuniary interest therein, and the Reporting Person disclaims beneficial ownership of such shares. Represents the aggregate amount of shares of Common Stock owned by MetVP Corp., including 69,034 shares of Common Stock that were issued to MetVP II for board fees earned by MetVP Corp. that will be assigned to MetVP Corp. Represents the aggregate amount of shares of Common Stock owned by MetVP II, excluding 69,034 shares of Common Stock that were issued to MetVP II for board fees earned by MetVP Corp. that will be assigned to MetVP Corp. /s/ Michael Levin 2011-03-14