0001140361-15-014354.txt : 20150403 0001140361-15-014354.hdr.sgml : 20150403 20150403153012 ACCESSION NUMBER: 0001140361-15-014354 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150331 FILED AS OF DATE: 20150403 DATE AS OF CHANGE: 20150403 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: 500 EAST BROWARD BOULEVARD STREET 2: SUITE 1550 CITY: FORT LAUDERDALE STATE: FL ZIP: 33323 BUSINESS PHONE: 631-873-2900 MAIL ADDRESS: STREET 1: 500 EAST BROWARD BOULEVARD STREET 2: SUITE 1550 CITY: FORT LAUDERDALE 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: Rush Lowell CENTRAL INDEX KEY: 0001595155 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20660 FILM NUMBER: 15751191 MAIL ADDRESS: STREET 1: C/O DIRECT INSITE CORP. STREET 2: 500 EAST BROWARD BOULEVARD, SUITE 1550 CITY: FORT LAUDERDALE STATE: FL ZIP: 33394 4 1 doc1.xml FORM 4 X0306 4 2015-03-31 0 0000879703 DIRECT INSITE CORP DIRI 0001595155 Rush Lowell C/O DIRECT INSITE CORP. 500 E. BROWARD BLVD., SUITE #1550 FT. LAUDERDALE FL 33394 0 1 0 0 CFO, Secretary & Treasurer Stock Option (Right to buy) 0.90 2015-03-31 4 A 0 90000 0 A 2020-03-31 Common Stock, par value $.0001 per share 90000 170000 D The options vest over a three-year period, with (i) 30,000 of such options vesting on March 31, 2016, (ii) 30,000 of such options vesting on March 31, 2017, and (iii) the remaining 30,000 of such options vesting on March 31, 2018. Includes 80,000 options that were granted on December 19, 2013 that vest over a four-year period, with (i) 20,000 of such options vesting on December 19, 2014, and (ii) the remaining balance of such options vesting in increments of 1,667 on the 19th day of each month beginning on January 19, 2015 and 1,655 shares on December 19, 2017. The foregoing sentence revises the description of the vesting of such options that was included in the Reporting Person's Form 4 filed with the Securities and Exchange Commission on December 23, 2013. /s/ Lowell Rush 2015-04-03