-----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, Jn1iP7R2T/kDmFVnyQ8MNJuS2NOK57toHv1Od650J5eY73WCt1ewLGx1IMGCdw9A 9EULoKGY6EmW6ESxuNa9tg== 0001181431-03-034326.txt : 20031205 0001181431-03-034326.hdr.sgml : 20031205 20031205144053 ACCESSION NUMBER: 0001181431-03-034326 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031205 FILED AS OF DATE: 20031205 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CANNOVINO JAMES A CENTRAL INDEX KEY: 0001220686 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20660 FILM NUMBER: 031040088 BUSINESS ADDRESS: STREET 1: DIRECT INSITE CORP STREET 2: 80 ORVILLE DR CITY: BOHEMIA STATE: NY ZIP: 11716 BUSINESS PHONE: 6312441500 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: 5162441500 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 4 1 rrd24740.xml X0201 42003-12-050 0000879703 DIRECT INSITE CORP DIRIE 0001220686 CANNOVINO JAMES A 6501 RED HOOK PLAZA SUITE 201 - PMB ST. THOMAS VI 00802 1100Chairman of the Board & CEOCommon Stock483090D2003 Stock Option Plan (Right to Buy)1.162003-12-054A0< /transactionCoding>1700001.16A2003-12-052008-12-31Common Stock170000170000D2003-A Stock Option Plan (Right to Buy)1.16 2003-12-054A01900001.16A2003-12-052008-12-31Common Stock190000190000D2003 Stock Option Plan (Right to Buy)1.262003-07-184A01080001.26A2005-03-312006-04-01Common Stock108000108000DStock Option Plan (Right to Buy)2.022003-01-274A02400002.02A2003-01-272008-01-26Common Stock240000240000DStock Option Plan (Right to Buy)2.052002-07-294A0740002.05A2003-06-302012-07-28Common Stock7400074000DStockk Option Plan (Right to Buy)1.052002-01-074A02400001.05A2002-02-172012-01-16Common Stock240000240000DIncludes 60,000 shares of c ommon stock, which pursuant to contractual agreement, the reporting person is to receive during the period 2-27-03 through 1-26-04, issuable at the rate of 5,000 shares per month as long as he is in the employ of the issuer. If employment is terminated during such period, non-issuance of any shares will be reported as a disposition of same.37,500 vest 12/5/03; 322,500 shares vest at the rate of 7,500 per month commencing on the 5th day of each month commencing 1/5/04 for 43 months.120,000 shares vest 1/27/03; 120,000 shares vest at the rate of 5,000 per month on the 27th day of each month commencing 2/27/03 through 1/27/05.Shares vest one-third 6/30/03, one-third 6/30/04, and one third 6/30/05.Shares vest at the raate of 10,000 per month commencing 2/17/02./s/ James A. Cannavino2003-12-05 -----END PRIVACY-ENHANCED MESSAGE-----