-----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, BIw0XOK6rKQjuRLPly7e1/SQaDp4r19pBeDpVnn7qCrOD05aMq8xAvcJ/e+JZFy+ tFyuxz5FtTO+/B5g2faSoQ== 0001201800-08-000056.txt : 20080507 0001201800-08-000056.hdr.sgml : 20080507 20080507154844 ACCESSION NUMBER: 0001201800-08-000056 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080506 FILED AS OF DATE: 20080507 DATE AS OF CHANGE: 20080507 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BEECHER MICHAEL CENTRAL INDEX KEY: 0001274103 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20660 FILM NUMBER: 08809896 BUSINESS ADDRESS: BUSINESS PHONE: 6312441500 MAIL ADDRESS: STREET 1: C/O DIRECT INSITE CORP STREET 2: 80 ORVILLE DRIVE CITY: BOHEMIA STATE: NY ZIP: 11716 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 4 1 edgar.xml PRIMARY DOCUMENT X0202 4 2008-05-06 0000879703 DIRECT INSITE CORP DIRI.OB 0001274103 BEECHER MICHAEL 80 ORVILLE DRIVE BOHEMIA NY 11716 0 1 0 0 Chief Financial Officer Common Stock 129377 D Common Stock 2008-05-06 4 S 0 16905 1.40 D 112472 D 2001 A Stock Option Plan (Right to Buy) 1.60 2004-07-08 4 A 0 30000 1.60 A 2009-12-31 Common Stock 30000 30000 D 2003 Stock Option Plan (Right to Buy) .80 2003-12-16 4 A 0 30000 .80 A 2008-12-31 Common Stock 30000 60000 D 2004 Stock Option Plan .25 2006-08-14 4 A 0 120000 .25 A 2011-07-31 Common Stock 120000 180000 D Options are exercisable at the rate of 2,500 on the last day of each month from 1/31/04 through 12/31/04. Options are exercisable at the rate of 5,000 immediately, 5,000 on 12/31/04, 10,000 on 12/31/05 and 10,000 on 12/31/06. Options are exercisable at the rate of 5,000 on the last day of each month from 8/31/06 through 7/31/08 /s/Michael J. Beecher 2008-05-07 -----END PRIVACY-ENHANCED MESSAGE-----