ROTMAN GREGORY 4
4 · PAID INC · Filed Sep 28, 2011
Insider Transaction Report
Form 4
PAID INCPAYD
ROTMAN GREGORY
DirectorPresident and CEO
Transactions
- Exercise of In-Money
Stock Option (Right to Buy)
2011-09-26−1,000,000→ 1,750,000 totalExercise: $0.04From: 2003-04-11Exp: 2012-10-12→ Common Stock (1,000,000 underlying) - Gift
Common Stock
2011-09-28−84,000→ 2,189,633 total - Sale
Common Stock
2011-09-26$0.18/sh−1,500,000$277,500→ 2,498,633 total - Sale
Common Stock
2011-09-26$0.20/sh−225,000$46,125→ 2,273,633 total - Exercise of In-Money
Common Stock
2011-09-26$0.04/sh+1,000,000$41,000→ 3,998,633 total
Footnotes (2)
- [F1]Reporting Person also holds 240,000 shares indirectly through his sons.
- [F2]Reporting Person also owns options to purchase 2,500,000 shares of Common Stock at $.415 per share subject to vesting requirements.