-----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, KoHjnAKb0KwzqIXv3AUeSheihZKPyFP1EM4m0EZHjF8/6a0FJKXzfRfzbz6OSQWF sObK1Sx08lakVNNwzREVwQ== 0001201800-08-000120.txt : 20080916 0001201800-08-000120.hdr.sgml : 20080916 20080916093552 ACCESSION NUMBER: 0001201800-08-000120 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080912 FILED AS OF DATE: 20080916 DATE AS OF CHANGE: 20080916 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CANNAVINO JAMES A CENTRAL INDEX KEY: 0001220686 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20660 FILM NUMBER: 081073145 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: 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 X0303 4 2008-09-12 0000879703 DIRECT INSITE CORP DIRI.OB 0001220686 CANNAVINO JAMES A 6501 RED HOOK PLAZA SUITE 201 - PMB RED HOOK, ST. THOMAS, U.S.V.I. VI 00802 VIRGIN ISLANDS, U.S. 1 1 0 0 Chairman of the Board & CEO Common Stock 1712267 D Common Stock 2008-09-12 4 P 0 250 1.40 A 1712517 D Common Stock 2008-09-12 4 P 0 250 1.30 A 1712767 D Common Stock 2008-09-15 4 P 0 500 1.50 A 1713267 D Series C Redeemable Preferred Stock 200 D Common Stock Purchase Warrants .9348 2008-08-25 4 X 0 149765 .9348 D 2005-12-18 2008-12-18 Common Stock 149765 400000 D Common Stock Purchase Warrants .9348 2008-08-25 4 X 0 64185 .9348 D 2005-12-15 2008-12-15 Common Stock 64185 400000 D 2004 Stock Issuance/Stk Option Plan 1.50 2008-03-25 4 A 0 50000 1.50 A 2008-03-25 2013-03-24 Common Stock 50000 400000 D 2005 Employee Option Plan .62 2005-12-30 4 A 0 350000 .62 A 2005-12-30 2012-12-29 Common Stock 350000 350000 D Warrants to purchase common stock are exercisable at the rate of no less than 500 shares at a time during the term of the Warrants. Shares vest 50% on March 25, 2008 and 50% on March 25, 2009. /s/ James A. Cannavino 2008-09-15 -----END PRIVACY-ENHANCED MESSAGE-----