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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 0.145 11/02/2015(3)   D   500,000   11/10/2011 11/10/2021 Common Stock 500,000 (2) $ 0 500,000 D  
Stock Option (Right to Buy) $ 0.003 11/02/2015(3)   A   500,000   11/10/2011 11/10/2021 Common Stock 500,000 (2) $ 0 500,000 D  
Stock Option (Right to Buy) $ 0.048 11/02/2015(3)   D   1,000,000   12/06/2012 12/06/2022 Common Stock 1,000,000 (2) $ 0 1,000,000 D  
Stock Option (Right to Buy) $ 0.003 11/02/2015(3)   A   1,000,000   12/06/2012 12/06/2022 Common Stock 1,000,000 (2) $ 0 1,000,000 D  
Stock Option (Right to Buy) $ 0.092 11/02/2015(3)   D   1,000,000   05/21/2013 05/21/2013 Common Stock 1,000,000 (2) $ 0 1,000,000 D  
Stock Option (Right to Buy) $ 0.003 11/02/2015(3)   A   1,000,000   05/21/2013 05/21/2013 Common Stock 1,000,000 (2) $ 0 1,000,000 D  
Stock Option (Right to Buy) $ 0.054 11/02/2015(3)   D   2,000,000     (1) 11/18/2024 Common Stock 2,000,000 (2) $ 0 2,000,000 D  
Stock Option (Right to Buy) $ 0.003 11/02/2015(3)   A   2,000,000     (1) 11/18/2024 Common Stock 2,000,000 (2) $ 0 2,000,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 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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