Edgar Filing: PAID INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

PILARO ANDREW

2. Issuer Name and Ticker or Trading Symbol
PAID INC [PAYD]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

C/O PAID, INC., 200 FRIBERG PKWY, STE 4004

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2015

(Street)

WESTBOROUGH, MA 01581

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (Right to Buy)

$ 0.145

11/02/2015⁽³⁾

500,000

11/10/2011

11/10/2021

Common Stock

500,000 ⁽²⁾

$ 0

500,000

Stock Option (Right to Buy)

$ 0.003

11/02/2015⁽³⁾

500,000

11/10/2011

11/10/2021

Common Stock

500,000 ⁽²⁾

$ 0

500,000

Stock Option (Right to Buy)

$ 0.048

11/02/2015⁽³⁾

1,000,000

12/06/2012

12/06/2022

Common Stock

1,000,000 ⁽²⁾

$ 0

1,000,000

Stock Option (Right to Buy)

$ 0.003

11/02/2015⁽³⁾

1,000,000

12/06/2012

12/06/2022

Common Stock

1,000,000 ⁽²⁾

$ 0

1,000,000

Stock Option (Right to Buy)

$ 0.092

11/02/2015⁽³⁾

1,000,000

05/21/2013

Common Stock

1,000,000 ⁽²⁾

$ 0

1,000,000

Stock Option (Right to Buy)

$ 0.003

11/02/2015⁽³⁾

1,000,000

05/21/2013

Common Stock

1,000,000 ⁽²⁾

$ 0

1,000,000

Stock Option (Right to Buy)

$ 0.054

11/02/2015⁽³⁾

2,000,000

⁽¹⁾

11/18/2024

Common Stock

2,000,000 ⁽²⁾

$ 0

2,000,000

Stock Option (Right to Buy)

$ 0.003

11/02/2015⁽³⁾

2,000,000

⁽¹⁾

11/18/2024

Common Stock

2,000,000 ⁽²⁾

$ 0

2,000,000

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
PILARO ANDREW C/O PAID, INC. 200 FRIBERG PKWY, STE 4004 WESTBOROUGH, MA 01581	X

Signatures

/s/ Andrew Pilaro		11/04/2015
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	1,000,000 shares vested immediately and 1,000,000 shares vest on November 18, 2015.
(2)	Shares and prices are calculated pre-reverse stock split.
(3)	The eight reported transactions involved an amendment of four outstanding options, resulting in the deemed cancellation of the "old" options and the grant of four replacement options.

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