PAID INC 4
4 · PAID INC · Filed Nov 20, 2014
Insider Transaction Report
Form 4
PAID INCPAYD
PILARO ANDREW
Director
Transactions
- Award
Stock Option (Right to Buy)
2014-11-18+2,000,000→ 2,000,000 totalExercise: $0.05Exp: 2024-11-18→ Common Stock (2,000,000 underlying)
Footnotes (2)
- [F1]1,000,000 shares vest immediately and 1,000,000 shares vest in 12 months with acceleration upon a change in control.
- [F2]Reporting Person also holds options to purchase an additional 500,000 shares at $.145 per share which are fully vested and expire on November 10, 2012, 1 million shares at $.048 per share which fully vested and expire on December 6, 2022, and 1 million shares at $.092 per share which are fully vested and expire on May 17, 2023.