-----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, WFOf+P7bPT9JkH0BbaickxCBcp1A+WVA7YiS/Q2qRprnerbpENL8nTg2Qmo5YKIp DYRnTQV3LRIp3RYTBR74Uw== 0001201800-04-000020.txt : 20040223 0001201800-04-000020.hdr.sgml : 20040223 20040223162855 ACCESSION NUMBER: 0001201800-04-000020 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040219 FILED AS OF DATE: 20040223 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: YUNICH PETER B CENTRAL INDEX KEY: 0001197006 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20660 FILM NUMBER: 04622320 BUSINESS ADDRESS: STREET 1: C/O METROPOLITAN VENTURE PARTNERS STREET 2: 257 PARK AVE. SOUTH 15TH FL CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2128443675 MAIL ADDRESS: STREET 1: C/O METROPOLITAN VENTURE PARTNERS STREET 2: 257 PARK AVE. SOUTH 15TH FL CITY: NEW YORK STATE: NY ZIP: 10010 4 1 edgar.xml PRIMARY DOCUMENT X0201 4 2004-02-19 0000879703 DIRECT INSITE CORP DIRI.OB 0001197006 YUNICH PETER B C/O METROPOLITAN VENTURE PARTNERS 257 PARK AVENUE,SOUTH NEW YORK NY 10010 1 0 0 0 Common Stock 2004-02-19 4 A 0 7792 .77 A 8792 D 2003A Stock Option Plan (Right to Buy) 1.26 2003-07-18 4 A 0 8000 1.26 A 2005-03-31 2006-04-01 Common Stock 8000 8000 D Series A Convertible Preferred Stock par value $0.0001 1.40 2003-06-03 4 P 0 17587 14.00 A 2003-09-25 2005-09-25 Common Stock 175870 134410 I Indirect Payment for services as a Board member for the second, third and fourth quarters for fiscal year ending 12/31/03. The Reported number of shares of Common Stock underlying the Series A Convertible Preferred Stock reflects the initial conversion rate of 1-for-10 (the ratio of the current liquidation value of the Series A. Convertible Preferred Stock of $14.00 to the current conversion price of $1.40) pursuant to the terms of the Series A Convertible Preferred Stock. Metropolitan Venture Partners II, L.P. ("MetVP") is the direct owner of an aggregate 134,680 shares of Series A Convertible Preferred Stock,par value $0.0001 per share,of Direct Insite Corp.(the "Issuer"),including shares acquired pursuant to the transaction pursuant to which Form 4 was filed 6/3/03,which are convertible as of the date of that statement into 1,346,800 shares of Common Stock,par value $0.0001 per share of the Issuer (the Shares").The Reporting Person is a Managing Partner of MetVP & a limited partner of MetVP.In addition the Reporting Person is a limited partner in Metropolitan Venture Partners (Advisors) L.P. ("MetVP Advisors") the general partner of MetVP & is on the board & is a shareholder in Metropolitan Ventures Corp.,the general partner of MetVP Advisors.As a result,the Reporting Person may be deemed to own beneficially & indirectly the Shares.The Reporting Person disclaims beneficial ownership of the Shares e xcept to the extent of his pecuniary interest therein. Peter B. Yunich 2004-02-19 -----END PRIVACY-ENHANCED MESSAGE-----