SEC Form 4 · accession 0001144204-15-062796
PAID INC · PAYD:OTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Austin Lewis IV
Officer — President/CFO/President · Director
Period of report
Nov 2, 2015
Accepted (ET)
Nov 4, 2015 · 4:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001017655
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3,F2 | $0.065 | Nov 2, 2015 | D | 5,000,000 | A | Aug 8, 2012 | Aug 8, 2022 | Common Stock | 5,000,000 | 5,000,000 | D |
| Stock Option (Right to Buy)F3,F2 | $0.003 | Nov 2, 2015 | A | 5,000,000 | A | Aug 8, 2012 | Aug 8, 2022 | Common Stock | 5,000,000 | 5,000,000 | D |
| Stock Option (Right to Buy)F3,F2 | $0.041 | Nov 2, 2015 | D | 5,000,000 | A | Oct 15, 2012 | Oct 15, 2022 | Common Stock | 5,000,000 | 5,000,000 | D |
| Stock Option (Right to Buy)F3,F2 | $0.003 | Nov 2, 2015 | A | 5,000,000 | A | Oct 15, 2012 | Oct 15, 2022 | Common Stock | 5,000,000 | 5,000,000 | D |
| Stock Option (Right to Buy)F3,F2 | $0.048 | Nov 2, 2015 | D | 1,000,000 | A | Dec 6, 2012 | Dec 6, 2022 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (Right to Buy)F3,F2 | $0.003 | Nov 2, 2015 | A | 1,000,000 | A | Dec 6, 2012 | Dec 6, 2022 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (Right to Buy)F3,F2 | $0.092 | Nov 2, 2015 | D | 1,000,000 | A | May 21, 2013 | May 21, 2023 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (Right to Buy)F3,F2 | $0.003 | Nov 2, 2015 | A | 1,000,000 | A | May 21, 2013 | May 21, 2023 | Common Stock | 1,000,000 | 1,000,000 | D |
| Stock Option (Right to Buy)F3,F1,F2 | $0.054 | Nov 2, 2015 | D | 2,000,000 | A | — | Nov 18, 2024 | Common Stock | 2,000,000 | 2,000,000 | D |
| Stock Option (Right to Buy)F3,F1,F2 | $0.003 | Nov 2, 2015 | A | 2,000,000 | A | — | Nov 18, 2024 | Common Stock | 2,000,000 | 2,000,000 | D |
Explanation of responses
- F11,000,000 shares vested immediately and 1,000,000 shares vest on November 18, 2015.
- F2Shares and prices are calculated pre-reverse stock split.
- F3The eight reported transactions involved an amendment of five outstanding options, resulting in the deemed cancellation of the "old" options and the grant of five replacement options.