BEECHER MICHAEL 4
4 · DIRECT INSITE CORP · Filed May 19, 2010
Insider Transaction Report
Form 4
DIRECT INSITE CORPDIRI.OB
BEECHER MICHAEL
Chief Financial Officer
Transactions
- Other
Common Stock
2010-05-17$2.50/sh+52,596$131,490→ 245,982 total - Other
Common Stock
2010-05-18+12,500→ 258,482 total - Disposition to Issuer
2004 Stock Option Plan
2010-05-17$0.25/sh−70,000$17,500→ 0 totalExercise: $0.25Exp: 2011-07-31→ Common Stock (70,000 underlying)
Holdings
- 70,000
2004 Stock Option Plan (Right to Buy)
Exercise: $0.25Exp: 2011-07-31→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]Options are exercisable at the rate of 2,500 on the last day of each month from 1/31/04 through 12/31/04.
- [F2]Cashless exercise of derivative securities.
- [F3]Shares issued for services rendered in accordance with terms of a written agreement.