-----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, Unp1oAv28HYe2lXn/XjFByzAw08MtH4h+udqbrjdSFNPArDEyN9XXbpt52ActzQW 0g5unA+3XprW+bl5X6E2Jg== 0001201800-05-000062.txt : 20050401 0001201800-05-000062.hdr.sgml : 20050401 20050401151942 ACCESSION NUMBER: 0001201800-05-000062 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050218 FILED AS OF DATE: 20050401 DATE AS OF CHANGE: 20050401 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Levin Michael CENTRAL INDEX KEY: 0001319848 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20660 FILM NUMBER: 05725170 BUSINESS ADDRESS: BUSINESS PHONE: (212) 844-3677 MAIL ADDRESS: STREET 1: C/O METROPOLITAN VENTURE PARTNERS STREET 2: 257 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 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 3 1 edgar.xml PRIMARY DOCUMENT X0202 3 2005-02-18 0 0000879703 DIRECT INSITE CORP DIRI.OB 0001319848 Levin Michael METROPOLITAN VENTURE PARTNERS II LP 257 PARK AVENUE SOUTH - 15TH FLOOR NEW YORK NY 10010 1 0 0 0 Common Stock 2000 D Commmon Stock 29067 I Indirect Series C Redeemable Preferred Stock 290 I Indirect Common Stock Purchase Warrant (Right to Buy) .90 2005-03-29 2012-03-28 Common Stock 100000 I Indirect Common Stock Purchase Warrant (Right to Buy) .9348 2005-12-18 2008-12-18 Common Stock 310226 I Indirect Series A Convertible Preferred Stock 1.40 2003-06-03 2008-09-25 Common Stock 178570 I Indirect Series A Convertible Preferred Stock 2.14 2003-01-02 2008-09-25 Common Stock 233650 I Indirect Series A Convertible Preferred Stock 2.14 2002-10-04 2008-09-25 Common Stock 934580 I Indirect The securities are owned by Metropolitan Venture Partners II, L.P. ("MetVP"). The Reporting Person is a managing director of MetVP. In addition, the Reporting Person is la limited partner in Metropolitan Venture Partners ("Advisors"), L.P. (MetVP Advisors"), which is the general partner of MetVP and is on the board of directors and is a shareholder of Metropolitan Venture Partners Corp. (MetVP Corp."), which is the general partner of MetVP Advisors. As a result of the foregoing, the Reporting Person may be deemed to own beneficially and indirectly the securities. The Reporting Person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein. The reported number of shares of Common Stock underlying the Serries A Convertible Preferred Stock reflects the initial conversion rate of 1-for-10 pursuant to the terms of Series A Convertible Preferred Stock Michael Levin 2005-04-01 -----END PRIVACY-ENHANCED MESSAGE-----