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