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PAID INC·4

Nov 15, 9:31 PM ET

ROTMAN GREGORY 4

4 · PAID INC · Filed Nov 15, 2011

Insider Transaction Report

Form 4
Period: 2011-11-10
PAID INCPAYD
ROTMAN GREGORY
DirectorPresident and CEO
Transactions
  • Disposition to Issuer

    Stock Option (Right to Buy)(Common Stock)

    2011-11-10−2,500,000→ 0 total
    Exercise: $0.41From: 2012-01-10Exp: 2018-01-10→ Common Stock (2,500,000 underlying)
  • Exercise/Conversion

    Common Stock

    2011-11-10$0.04/sh+1,750,000$71,750→ 3,939,633 total
  • Exercise/Conversion

    Stock Option (Right to Buy)

    2011-11-10−1,750,000→ 0 total
    Exercise: $0.04From: 2003-04-11Exp: 2012-10-12→ Common Stock (1,750,000 underlying)
  • Award

    Stock Option (Right to Buy)(Common Stock)

    2011-11-10+2,500,000→ 2,500,000 total
    Exercise: $0.14From: 2012-01-10Exp: 2018-01-10→ Common Stock (2,500,000 underlying)
Footnotes (2)
  • [F1]Reporting Person also holds 240,000 shares indirectly through his sons.
  • [F2]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was orignally granted on January 10, 2008 and povided for cliff vesting as of January 10, 2012.

Documents

1 file
  • 4
    doc1.xmlPrimary

    FORM 4