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 *
Lewis William Austin IV
   2. Issuer Name and Ticker or Trading Symbol
PAID INC [PAYDD] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
PRESIDENT AND CFO
(Last)
(First)
(Middle)
C/O PAID, INC., 200 FRIBERG PKWY, STE 4004		 3. Date of Earliest Transaction (Month/Day/Year)
12/30/2016
(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
Common Stock 01/02/2017   A   77,121 A $ 1.46 257,121 (1) I By Lewis Asset Mgmt. Corp.
Preferred Stock 01/02/2017   A   536,346 A $ 1.46 536,346 (1) I By Lewis Asset Mgmt. Corp.

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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
Exchangeable Shares (Right to Convert to Common) (2) (3) 12/30/2016   A   77,121   12/30/2016 12/30/2021 Common Stock 77,121 (1) $ 0 77,121 (1) I By Lewis Asset Mgmt. Corp.
Exchangeable Shares (Right to Convert to Preferred) (2) (3) 12/30/2016   A   536,346   12/30/2016 12/30/2021 Common Stock 536,346 (1) $ 0 536,346 (1) I By Lewis Asset Mgmt. Corp.
Exchangeable Shares (Right to Convert to Common) (2) (3) 01/02/2017   D     77,121 12/30/2016 12/30/2021 Common Stock 77,121 (1) $ 0 77,121 (1) I By Lewis Asset Mgmt. Corp.
Exchangeable Shares (Right to Convert to Preferred) (2) (3) 01/02/2017   D     536,346 12/30/2016 12/30/2021 Common Stock 536,346 (1) $ 0 536,346 (1) I By Lewis Asset Mgmt. Corp.
Warrant (Right to Buy Exchgble Shares Convtble into Common) (2) $ 1.46 12/30/2016   A   34,425   12/30/2016 12/30/2021 Common Stock 34,425 (1) $ 0 34,425 (1) I By Lewis Asset Mgmt. Corp.
Warrant (Right to Buy Exchgble Shares Convtble into Common) (2) $ 1.46 12/30/2016   A   239,412   12/30/2016 12/30/2021 Common Stock 239,412 (1) $ 0 239,412 (1) I By Lewis Asset Mgmt. Corp.

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Lewis William Austin IV
C/O PAID, INC.
200 FRIBERG PKWY, STE 4004
WESTBOROUGH, MA 01581		       PRESIDENT AND CFO  

Signatures

 /s/ W. Austin Lewis   01/04/2017
**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) All numbers reflect a reverse split of 1:3000 followed by an immediate forward split of 300:1 effective on December 30, 2016.
(2) Exchangeable shares are rights to PAID, Inc.'s common stock and preferred stock. These rights can be exercised by the conversion of the exchangeable shares into shares of common and preferred stock of PAID Inc. in accordance with an Exchange and Call Rights Agreement filed as Appendix I to its Consent Solicitation Statement on Form 14A of PAID Inc. filed on October, 7 2016. Mr. Lewis may exercise his exchangeable rights as specified in the Exchange and Call Rights Agreement. The Preferred stock of PAID, Inc. is non-voting.
(3) Merger consideration equal to a valuation at $1.46 per share.

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