0001140361-13-013903.txt : 20130325 0001140361-13-013903.hdr.sgml : 20130325 20130325172208 ACCESSION NUMBER: 0001140361-13-013903 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120524 FILED AS OF DATE: 20130325 DATE AS OF CHANGE: 20130325 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lisiak Paul CENTRAL INDEX KEY: 0001569703 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20660 FILM NUMBER: 13714821 MAIL ADDRESS: STREET 1: C/O DIRECT INSITE CORP STREET 2: 500 E BROWARD BOULEVARD, STE 1550 CITY: FT LAUDERDALE STATE: FL ZIP: 33394 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 X0306 4 2012-05-24 0 0000879703 DIRECT INSITE CORP DIRI 0001569703 Lisiak Paul C/O DIRECT INSITE CORP. 500 E. BROWARD BLVD., SUITE #1550 FT LAUDERDALE FL 33394 1 0 0 0 Common Stock, par value $.0001 per share 2012-05-24 4 A 0 9458 0 A 9458 D Common Stock, par value $.0001 per share 2012-06-30 4 A 0 5868 0 A 15326 D Common Stock, par value $.0001 per share 2012-09-30 4 A 0 12500 0 A 27826 D Common Stock, par value $.0001 per share 2012-12-31 4 A 0 11434 0 A 39260 D Common Stock, par value $.0001 per share 2361185 I See Footnotes Represents an annual grant of shares of restricted stock as compensation for service as a director of the Issuer. Represents shares of common stock that the Reporting Person elected to receive in lieu of cash director fees. 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. 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. Includes (i) 2,315,790 shares owned by Metropolitan Venture Partners II, L.P. ("MetVP II") and (ii) 45,395 shares owned by Metropolitan Venture Partners Corp. ("MetVP Corp."). The Reporting Person is a managing director of MetVP Corp., which is the general partner of Metropolitan Venture Partners (Advisors), L.P. ("MetVP Advisors" and, together with MetVP II and MetVP Corp., the "MetVP Entities"). MetVP Advisors is the general partner of MetVP II. By reason of its position as the general partner of MetVP II, MetVP Advisors may be deemed to possess the shared power to vote and dispose of the shares beneficially owned by MetVP II. Footnote 5 continued. By reason of its position as the general partner of MetVP Advisors, MetVP Corp. may be deemed to possess the shared power to vote and dispose of the shares beneficially owned by MetVP Advisors and MetVP II. As a result of the foregoing, the Reporting Person may be deemed to possess the shared power to vote and dispose of the shares beneficially owned by the MetVP Entities. /s/ Paul Lisiak 2013-03-25