-----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, IIEYvSqIguY3daGorB+u61nhDx9hLid9+jy34vTwjs8eI3NVRn2MpUt9+xjhZYEv 6EJluyFEp8PkjA8vwckyQA== 0001201800-07-000198.txt : 20071126 0001201800-07-000198.hdr.sgml : 20071126 20071126174306 ACCESSION NUMBER: 0001201800-07-000198 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071121 FILED AS OF DATE: 20071126 DATE AS OF CHANGE: 20071126 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: 631-873-2900 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: Levin Michael CENTRAL INDEX KEY: 0001319848 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20660 FILM NUMBER: 071267290 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 4 1 edgar.xml PRIMARY DOCUMENT X0202 4 2007-11-21 1 0000879703 DIRECT INSITE CORP DIRI.OB 0001319848 Levin Michael 432 PARK AVENUE SOUTH 12TH FLOOR NEW YORK NY 10016 1 0 0 0 Common Stock 83847 I Indirect Common Stock 2007-11-21 4 A 0 100000 A 183847 I Indirect Common Stock 2000 D Series C Redeemable Preferred Stock 290 I Indirect Common Stock Purchase Warrant (Right to Buy) .01 2005-03-30 4 A 0 100000 .01 A 2005-03-30 2012-03-29 Common Stock 100000 100000 I Indirect Common Stock Warrant (Right to Buy) .9225 2004-05-26 4 A 0 135502 .9225 A 2006-03-15 2009-03-15 Common Stock 135502 135502 I Indirect Common Stock Warrant (Righ to Buy) .9348 2004-05-26 4 A 0 176508 .9348 A 2005-12-18 2008-12-18 Common Stock 176508 176508 I Indirect Option to Purchase .75 2003-12-01 4 A 0 250000 .75 A 2005-12-01 2008-12-01 Common Stock 250000 250000 I Indirect 2002 Stock Option Plan .75 2003-12-01 4 A 0 31000 .75 A 2005-12-01 2008-12-01 Common Stock 31000 31000 I Indirect 2002 A Stock Option Plan .75 2003-12-01 4 A 0 47000 .75 A 2005-12-01 2008-12-01 Common Stock 47000 47000 I Indirect 2003 Stock Option Plan .75 2003-12-01 4 A 0 47000 .75 A 2005-12-01 2008-12-01 Common Stock 47000 47000 I Indirect 2003 A Stock Option Plan .75 2003-12-01 4 A 0 25000 .75 A 2005-12-01 2008-12-01 Common Stock 25000 25000 I Indirect Series A Convertible Preferred Stock 1.40 2003-06-03 4 A 0 17857 14.00 A 2003-06-30 2008-09-25 Common Stock 178570 17857 I Indirect Common Stock Warrant (Right to Buy) 2.125 2003-12-10 4 A 0 150000 2.125 A 2005-12-10 2008-12-10 Common Stock 150000 150000 I Indirect Series A Convertible Preferred Stock 2.14 2003-01-02 4 A 0 23365 21.40 A 2003-01-02 2008-09-25 Common Stock 233650 23365 I Indirect Series A Convertible Preferred Stock 2.14 2002-10-04 4 A 0 93458 21.40 A 2002-10-04 2008-09-25 Common Stock 934580 93458 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 a 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. Issued pursuant to the terms of Settlement Agreement between Direct Insite Corp. and Metropolitan Venture Partners II, L.P. dated as of November 21, 2007. /s/ Michael Levin 2007-11-26 -----END PRIVACY-ENHANCED MESSAGE-----