0001415889-17-000038.txt : 20170105 0001415889-17-000038.hdr.sgml : 20170105 20170105180850 ACCESSION NUMBER: 0001415889-17-000038 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161231 FILED AS OF DATE: 20170105 DATE AS OF CHANGE: 20170105 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PAID INC CENTRAL INDEX KEY: 0001017655 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 731479833 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 200 FRIBERG PARKWAY STREET 2: SUITE 4004 CITY: WESTBOROUGH STATE: MA ZIP: 01581 BUSINESS PHONE: 617-861-6050 MAIL ADDRESS: STREET 1: 200 FRIBERG PARKWAY STREET 2: SUITE 4004 CITY: WESTBOROUGH STATE: MA ZIP: 01581 FORMER COMPANY: FORMER CONFORMED NAME: SALES ONLINE DIRECT INC DATE OF NAME CHANGE: 19990525 FORMER COMPANY: FORMER CONFORMED NAME: SECURITIES RESOLUTION ADVISORS INC DATE OF NAME CHANGE: 19980814 FORMER COMPANY: FORMER CONFORMED NAME: ROSE INTERNATIONAL LTD DATE OF NAME CHANGE: 19960627 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Allan Pratt CENTRAL INDEX KEY: 0001692753 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-28720 FILM NUMBER: 17512211 MAIL ADDRESS: STREET 1: 79 LAURENDALE AVENUE CITY: WATERDOWN STATE: A6 ZIP: L0R 2H3 3 1 form3-01052017_030140.xml X0206 3 2016-12-31 0 0001017655 PAID INC PAYDD 0001692753 Allan Pratt 79 LAURENDALE AVENUE WATERDOWN A6 L0R 2H3 ONTARIO, CANADA true false false false Exchangeable Shares 0 2016-12-30 2021-12-30 Common Stock 93870 D Exchangeable Shares 0 2016-12-30 2021-12-30 Common Stock 80460 I By Spouse Exchangeable Shares 0 2016-12-30 2021-12-30 Common Stock 40230 I By Trust Exchangeable Shares 0 2016-12-30 2021-12-30 Common Stock 3263 I By Corporation Exchangeable Shares 0 2016-12-30 2021-12-30 Preferred Stock 652890 D Exchangeable Shares 0 2016-12-30 2021-12-30 Preferred Stock 559620 I By Spouse Exchangeable Shares 0 2016-12-30 2021-12-30 Preferred Stock 279810 I By Trust Exchangeable Shares 0 2016-12-30 2021-12-30 Preferred Stock 22695 I By Corporation Exchangeable Shares held by Alan Pratt. The exchangeable shares are exchangeable at the option of their holder, either via redemption or retraction (as defined an Exchange and Call Rights Agreement filed as Appendix I to the Consent Solicitation Statement of PAID, Inc. on Form 14a on October 7, 2016) by ShipTime Canada Inc. Each exchangeable share is intended to be economically equivalent to a certain number of PAID, Inc shares. Upon such an exchange, the holder of one exchangeable is entitled to 3,109 shares of PAID, Inc. preferred stock and 447 shares of PAID, Inc. common stock, which PAID, Inc. shall supply to ShipTime Canada Inc., and which ShipTime Canada Inc. shall provide to the exchangeable shareholder as consideration for the exchangeable preferred shares. The preferred stock of PAID, Inc. is non-voting. Exchangeable Shares held by Barbara Pratt, Allan Pratt's wife. Exchangeable Shares held by the Pratt Family Trust under the control of Allan and Barbara Pratt. Exchangeable Shares held by 1602256 Ontario Limited, an Ontario company under the control of Allan and Barbara Pratt. Exchangeable Shares held by Allan Pratt. Exchangeable Shares held by Barbara Pratt, Allan Pratt's wife. Exchangeable Shares held by the Pratt Family Trust under the control of Allan and Barbara Pratt. Exchangeable Shares held by 1602256 Ontario Limited, an Ontario company under the control of Allan and Barbara Pratt. /s/ Allan Pratt 2017-01-05