0001140361-13-035212.txt : 20130906 0001140361-13-035212.hdr.sgml : 20130906 20130906150033 ACCESSION NUMBER: 0001140361-13-035212 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130905 FILED AS OF DATE: 20130906 DATE AS OF CHANGE: 20130906 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Oakes Matthew Ettinger CENTRAL INDEX KEY: 0001373829 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20660 FILM NUMBER: 131082786 MAIL ADDRESS: STREET 1: 1977 GULF SHORE BOULEVARD NORTH STREET 2: UNIT 206 CITY: NAPLES STATE: FL ZIP: 34102 FORMER NAME: FORMER CONFORMED NAME: Oakes Matthew Ettigner DATE OF NAME CHANGE: 20060825 4 1 doc1.xml FORM 4 X0306 4 2013-09-05 0 0000879703 DIRECT INSITE CORP DIRI 0001373829 Oakes Matthew Ettinger C/O DIRECT INSITE CORP. 500 E. BROWARD BLVD., SUITE #1550 FT. LAUDERDALE FL 33394 1 1 0 0 President and CEO Common Stock, par value $.0001 per share 2013-09-05 4 M 0 172500 1.15 A 659645 D Common Stock, par value $.0001 per share 2013-09-05 4 F 0 122152 1.62 D 537493 D Stock Option (Right to buy) 1.15 2013-09-05 4 M 0 22500 0 D 2011-12-31 2016-08-16 Common Stock, par value $.0001 per share 22500 0 D Stock Option (Right to buy) 1.15 2013-09-05 4 M 0 150000 0 D 2017-01-01 Common Stock, par value $.0001 per share 150000 0 D 122,152 shares of common stock were withheld by the Issuer at a market price of $1.62 per share less an exercise price of $1.15 as payment for the cashless exercise of 172,500 stock options held by the Reporting Person. 90,000 of such options vested on January 1, 2013 and (ii) 7,500 of such options vested on each monthly anniversary of the grant date from February 1, 2013 through September 1, 2013. The transactions reported in Table I reflect the cashless exercise of stock 172,500 stock options held by the Reporting Person. /s/ MATTHEW OAKES 2013-09-06