Paysign, Inc. — Director's Dealing 2018

Dec 7, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: 3PEA INTERNATIONAL, INC. (TPNL)
CIK: 0001496443
Period of Report: 2018-12-05

Reporting Person: Herman Joan M (Director, Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-05	Common Stock	A	200000	—	Acquired	400000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-05	Stock Grant	$	C	200000	Disposed		Common Stock (200000)	Direct

Footnotes

F1: N/A

F2: N/A

F3: Upon employment, the Company granted Joan M. Herman 200,000 shares of restricted common stock with a value of $84,400.00. These shares have been issued and are restricted. At the same time, the Company also granted but did not issued Ms. Herman four equal tranches of two hundred thousand restricted shares each, which vest quarterly in equal amounts over a four year period on the last day of each quarter, commencing December 31, 2017, if Joan M. Herman is still employed at that time. As of December 5, 2018, two hundred thousand shares have vested and have been issued. Six hundred thousand shares have not vested, and have not been issued.