SEC Form 4 · accession 0001415889-16-005411
PAID INC · PAYD:OTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Austin Lewis IV
Officer — PRESIDENT AND CFO · Director
Period of report
Apr 1, 2016
Accepted (ET)
Apr 1, 2016 · 4:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001017655
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 30, 2016 | A | 900,000 | $0.0875 | A | 2,601,566 | I | Through Fund |
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 Buy0F1 | $0.051 | Apr 1, 2016 | A | 20,000 | A | — | Apr 1, 2026 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F120,000 shares vest solely upon an increase in authorized shares.