Untitled Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
(Rule
13d-102)
INFORMATION TO BE
INCLUDED IN STATEMENTS FILED PURSUANT
TO
§240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO
FILED
PURSUANT TO
§240.13d-2
(AMENDMENT NO.
__)*
PAID,
INC.
(Name
of Issuer)
Common
Stock
(Title
of Class of Securities)
69561N402
(CUSIP
Number)
December 31,
2017
(Date
of Event Which Requires Filing of this Statement)
Check
the appropriate box to designate the rule pursuant to which this
Schedule is filed.
[ ]
Rule 13d-1(b)
[ ]
Rule 13d-1(c)
[X]
Rule 13d-1(d)
*The
remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a
prior cover page.
The
information required on the remainder of this cover page shall not
be deemed to be “filed” for the purpose of Section 18
of this Securities Exchange Act of 1934 (“Act”) or
otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see
the Notes).
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1.
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Names of Reporting
Person
James W. Coghlin, Sr.
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2.
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Check the Appropriate Box if a
Member of a Group (See Instructions)
(a)
☐
(b) ☐
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3.
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SEC Use Only
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4.
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Citizenship of Place of
Organization
U.S.
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Number of
Shares
Beneficially
Owned by Each
Reporting
Person
With
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5.
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Sole Voting
Power
93,092
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6.
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Shared Voting
Power
0
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7.
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Sole Dispositive
Power
93,092
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8.
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Shared Dispositive
Power
0
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9.
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Aggregate Amount Beneficially
Owned by each Reporting Person
93,092
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10.
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Check if the Aggregate Amount in
Row (9) Excludes Certain Shares ☐
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11.
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Percent of Class Represented by
Amount in Row 9
5.70%
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12.
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Type of Reporting Person (See
Instructions)
IN
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Item 1(a)
Name of Issuer:
Paid
Inc.
Item 1(b)
Address of Issuer’s Principal Executive
Offices: 200 Friberg
Parkway, Suite 4004, Westborough, MA 01581
Item 2(a)
Name of Person
Filing: James W.
Coghlin
Item 2(b)
Address of Principal Business Office or, if
None, Residence: 27 Otis Street,
Westborough, MA 01581
Item 2(c)
Citizenship:
U.S.
citizen
Item 2(d)
Title of Class of
Securities: Common
Stock.
Item 2(e)
CUSIP Number:
69561N402
Item 3.
If this statement is filed pursuant to
§§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the
person filing is a: Not applicable.
Provide
the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in
Item 1.
(a)
Amount beneficially
owned: 93,092 shares of common stock
(b)
Percent of Class:
5.70%
(c)
Number of shares as
to which the person has:
(i)
sole power to vote or to direct the vote: 93,092 shares of common
stock
(ii)
shared power to vote or to direct the vote: none
(iii)
sole power to dispose or to direct the disposition of: 93,092
shares of common stock
(iv)
shared power to dispose or to direct the disposition of:
none
Item 5.
Ownership of Five Percent or Less of a
Class: Not applicable.
Item 6.
Ownership of more than Five Percent on Behalf
of Another Person: None
Item 7.
Identification and Classification of the
Subsidiary which Acquired the Security Being Reported on By the
Parent Holding Company or Control Person: Not
applicable.
Item 8.
Identification and Classification of Members of
the Group: Not applicable.
Item 9.
Notice of Dissolution of Group: Not
applicable.
Item 10.
Certifications: By signing below I
certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any
transaction having that purpose or effect, other than activities
solely in connection with a nomination under
§240.14a-11.
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
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Dated: May 16,
2018
/s/ James W.
Coghlin
James W.
Coghlin
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